Examlex
The Roman playwright Terence is often remembered for this line: "Homo sum: humani nil a me alienum puto." Traditionally, it was translated as: "I am a man; I consider nothing that is human alien to me." More recently, some scholars have translated it as: "I am a human being; I consider nothing human alien to me." What was "wrong" with the older translation?
Lease Expense
The cost incurred from leasing an asset, recognized in the income statement over the lease term as an operating expense for operating leases or as depreciation and interest for finance leases.
Defined Benefit Plan
A type of pension plan in which an employer promises a specified pension payment upon retirement, based on the employee's earnings history, tenure of service, and age.
Post-Employment Plans
Financial arrangements made by employers to provide employees with benefits after retirement, such as pensions.
Accumulating Non-Vesting
Benefits or rights that accumulate over time in favor of an employee, which are not lost despite not meeting certain vesting criteria.
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