BANK FOR INTERNATIONAL SETTLEMENTS Definition

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BANK FOR INTERNATIONAL SETTLEMENTS (BIS) is the central bankers' bank based in Basle, Switzerland.

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ESCHEAT is the reversion of property to the state (government) in the absence of legal heirs or claimants.

EARNING CAPACITY, LOSS OF 'Loss of earning capacity' means the difference between the worker's net average earnings before the incident, and the net average amount of wages the deciding body determines the worker is capable of earning after the incident.

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