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What Is the Duty of the Merit System Protection Board

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What is the duty of the Merit System Protection Board (MSPB)?


Definitions:

Contributories

Individuals or entities that are liable to contribute to the assets of a company in the event of its winding up.

Capital Amount

The total value of all assets of a company or individual, before deductions, including cash and assets that can be used to produce income.

Priority Of Payment

The order in which debts or claims from creditors are paid in the event of liquidation.

Deferred Creditors

Creditors that hold certain debts that are payable to the contributories of the company ahead of repayments of capital to those contributories.

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