Distress Termination

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Definition: Distress Termination

Distress Termination
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Full Definition of Distress Termination

A situation that arises when a benefit plan lacks the funds needed to continue to pay out the benefits earned by employees. Distress termination allows a company to escape benefit responsibilities in order to avoid or delay the complete shutdown of the company.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/distress-termination/
Modern Language Association (MLA):
Distress Termination. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 18, 2024 https://payrollheaven.com/define/distress-termination/.
Chicago Manual of Style (CMS):
Distress Termination. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/distress-termination/ (accessed: April 18, 2024).
American Psychological Association (APA):
Distress Termination. PayrollHeaven.com. Retrieved April 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/distress-termination/

Definition Sources

Definitions for Distress Termination are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.