DISABILITY INSURANCE Definition

DISABILITY INSURANCE, in the United States, is a payroll tax required in some states that is deducted from employee paychecks to insure income during periods where an employee is unable to work due to an injury or illness.

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GAAP is Generally Accepted Accounting Principles or Generally Accepted Accounting Procedures (less common).

MARKETABILITY is the ability to quickly convert assets to cash at minimal cost.

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