general assets

The benefits to be paid are met immediately by contributions to the plan or by general assets.

The airline's health care benefits are self-funding, meaning that if deductions do not cover expenses, the airline is forced to pay the difference from its general assets.

The agency wants proceeds from any sale of the Air Micronesia unit to help replenish the pension fund, instead of becoming part of Continental's general assets.

A debenture normally contains a fixed charge over a specific asset or assets of the company and/or a floating charge over the company's general assets, eg stock.

In some countries the assets contributed by the directors are treated as general assets which may be taken by any secured creditors who may have a security interest which attaches to all the company's assets (characteristically, a floating charge).

While Federal law requires that 401(k) proceeds be "segregated from the general assets" of the employer as soon as practical, the fine for temporarily diverting the money for less than 90 days is only $25 a day - and has almost never been imposed.

They are most commonly non-recourse loans, which are secured by the project assets and paid entirely from project cash flow, rather than from the general assets or creditworthiness of the project sponsors, a decision in part supported by financial modeling.

Barclays contended that the account was part of the general assets of the company and that they were entitled to exercise a set-off of the money in the account against the debts that Rolls Razor owed with respect of Barclays.

If a debtor undertakes to use the loan in a particular way, and segregates the creditor's money from his general assets, and if the debtor becomes insolvent, the creditor's money is refundable, and not available to pay the debtor's other creditors.

Under the laws of some jurisdictions, where the assets of a segregated portfolio are inadequate to meet that portfolio's obligations then a creditor may have recourse to the general assets of the SPC, but not those assets which belong to a different segregated portfolio.

A segregated portfolio company (or SPC), sometimes referred to as a protected cell company, is a company which segregates the assets and liabilities of different classes (or sometimes series) of shares from each other and from the general assets of the SPC.