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Employee Retirement Income Security Act
A federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans.
Acronym
A word formed from the initial letters of other words.
Implied Covenant
A legal concept that infers certain promises or conditions in a contract even though they are not expressly stated.
Good Faith
The honest intention to act without taking an unfair advantage over another party in a transaction.
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