If You Choose to Receive Your Benefit in the Form

question 53

Multiple Choice

If you choose to receive your benefit in the form of equal payments for a certain number of years instead of a lump sum, you elected to receive a(n)

• A) installment payments settlement.
• B) interest payments settlement.
• C) lump-sum settlement.
• D) limited settlement.

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Definitions:

Parking

The act of bringing a vehicle to a stop and leaving it unoccupied for a duration of time in a designated or permissible area.

Shims

Gaskets or spacers of a specific thickness used for setting such things as endplay, preload, or tolerances. May be steel plate or fiber.

Worm Gear

A type of gear consisting of a worm (screw) that meshes with a gearwheel, used in mechanisms where large gear reductions are needed.

Preload

A predetermined force applied to a component, such as a bearing on assembly, usually with the objective of preventing unwanted (end) play in operation.