Exchange Currency

compensating balances plan

A plan wherein premiums are paid to the insurance company by an insured business. The insurance company then deposits the premium, minus some costs, into a bank account in the insured's name. The insured business can make withdrawals from these funds.

Related information about compensating balances plan:
  1. What is KEOGH PLAN? - The Law Dictionary
    ... PLAN (CBP), DEFERRED COMPENSATION PLAN, COMPENSATING BALANCES PLAN, UNDERFUNDED PENSION PLAN, EMPLOYMENT BENEFIT PLAN ...
     
  2. What is CHOICE NO-FAULT PLAN? - The Law Dictionary
    ... PLAN, CASH BALANCE PLAN (CBP), BUSINESS PLAN, ACCOUNTABLE PLAN, CAFETERIA BENEFIT PLAN, COMPENSATING BALANCES PLAN ...
     
  3. What is COMBINATION PLAN? - The Law Dictionary
    ... COMBINATION AGENCY, BUSINESS COMBINATION, COINSURANCE PLAN OF REINSURANCE, COMPENSATING BALANCES PLAN, AMERICAN PLAN, ...
     
  4. What is CAFETERIA BENEFIT PLAN? - The Law Dictionary
    Related Legal Definitions. CAFETERIA PLAN · BENEFIT ALLOWANCE · COMPENSATING BALANCES PLAN · ACCOUNTABLE PLAN · BENEFIT FORMULA ...
     
  5. What is compensating differential? - BusinessDictionary.com
    compensating differential. compensating balances plan · compensating error. Definition. The difference in wages offered to offset the desirability or undesirability ...
     
  6. What is compensating differential? - InvestorWords.com
    compensating differential. compensating balances plan · compensating variation. Definition. A positive or negative amount by which the salary or payment for a ...
     
  7. Completed Operations Insurance: Definition from Answers.com
    Previous: Competence, Compensating Balances Plan, Comparative Negligence. Next: Completion Bond, Compound Interest, Compound Probability ...
     
  8. Completion Bond: Definition from Answers.com
    Previous: Completed Operations Insurance, Competence, Compensating Balances Plan. Next: Compound Interest, Compound Probability, Compound Value ...