ERISA Definition

Bookmark and Share

ERISA, in the U.S., refers to the Employee Retirement Income Security Act of 1974. It is a major U.S. law which guarantees certain categories of employees a pension after some period at their employer; there had been more ambiguity before about what rules an employer could put on which employees could get a pension.

Learn new Accounting Terms

FIXED EXPENSES in the operation of a business are those expenses that remain the same regardless of production or sales volume, i.e. do not fluctuate with sales volume. Contrast with VARIABLE EXPENSES.

BID PRICE see ASK PRICE.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.