Examlex
Vesting refers to the ability of an employer to reclaim all of the funds it may have paid into a former employee's retirement fund upon that employee's decision to resign.
Pre-tax Cost Reduction
A reduction in expenses that occurs before taxes have been applied, aimed at improving a company's profitability.
Tax Bracket
A range of income amounts that are taxed at a particular rate. Tax brackets result in higher income being taxed at higher rates.
Land
A resource that refers to the natural area or earth's surface, including any resources over or under it, that is used for various purposes like agriculture, building, or recreation.
Depreciated
Refers to the reduction in the value of an asset over time due to wear and tear or obsolescence.
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