Health / Health Insurance / Multiple Employer Trust (MET): A trust consisting of multiple small employers in the same industry, formed for the purpose of purchasing group health insurance or establishing a self-funded plan at a lower cost than would be available to each of the employers individually.
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Employer Noun Synonyms: proprietor, owner, patron, manager, director, chief, head, boss, gaffer, governor, Eye guv'nor, guv
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Trust Noun Synonyms: confidence, reliance, faith, conviction, certitude, certainty, sureness, positiveness, assurance, belief
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Business / Finance / Personal Trust: An interest in an asset held by a trustee for the benefit of another person. MORE
Business / Human Resources (HR) / Professional Employer Organization (PEO): An organization that enters into a join-employment relationship with an employer, by leasing employees to the employer, allowing the PEO to share and manage many employer-related responsibilities and MORE
Business / Finance / Options Contract Multiple: A constant, set at $100, that when multiplied by the cash index value gives the dollar value of the stock index underlying an option. That is the dollar value of the underlying stock index = Cash inde MORE
Business / Real Estate / Open-End Trust Deed: An expandable loan in which the borrower is given a limit up to which he or she may borrow, with each incremental advance to be secured by the same trust deed. MORE
Business / Finance / Municipal Investment Trust (MIT): A unit investment trust that buys municipal bonds and usually holds them until maturity, passing the bond income on to shareholders, usually tax-free. MORE
Business / Finance / Nondiscretionary Trust: A personal trust whose trustee has no discretion in deciding how income will be distributed to the beneficiary. MORE