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erisa

erisa (Employee Retirement Income Security Act) - The federal statute that regulates private pensions. Governs the funding, vesting, administration and termination of private pension plans. Source: FindLaw

loan

: a short-term loan used as a means of financing a purchase or enterprise prior to obtaining other funds [used a bridge loan to purchase a new home prior to the sale of their previous one] con·ven·tion·al

earmarking doctrine

cannot be avoided by the trustee as a preference since the debtor never actually had control of the funds and the transfer does not diminish the debtor's estate

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divert

divert 1 : to turn from one course or use to another [funds illegally ed] 2 : to place (a defendant) under a diversion di·vert·er n

diversion

: the act or an instance of diverting: as a : an unauthorized rerouting or appropriation [ of funds] b : suspension of the prosecution of a charge for a period of time during which the defendant

dishonor

also wrongful dishonor vt : to refuse to pay or accept [a bank ing the checks for insufficient funds]

depository

something is deposited esp. for safekeeping [night ] ;specif : a bank chosen for the depositing of government funds 2 : depositary

capital contribution

capital contribution : a contribution of funds or property to the capital of a business by a partner, owner, or shareholder NOTE: Under the Internal

breach

breach by a trustee of the terms of a trust (as by stealing from or carelessly mishandling the funds) breach of warranty : a breach by a seller of the terms of a warranty (as by the

bill

banker certifying to another that a person named in the instrument is entitled to draw on the banker's funds or credit up to a certain amount : letter of credit bill of exchange : an instrument by

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