Bail-Out Provision

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Bail-Out Provision

In a variable annuity, a clause stating that the annuitant can make early withdrawals without penalty if the return on the annuity falls below a certain stated amount.
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103) This provides another form of the bailout provisions provided in the current form of the VRA.
51) The Court found the bailout provision significant (52) because it limited the extent of the Department of Justice's control over the affairs of the states that had successfully complied with the preclearance requirement.
The Irish Government is opposing the challenge to Ireland's corporation tax rates in exchange for reform of the EU bailout provisions agreed to by Fianna Fail in the final months of the previous government.
Following the Senate passage of its bailout provisions, NCUA Board Chairman Michael Fryzel said, "Today's Senate approval of NCUA's Corporate Credit Union Stabilization Fund and accompanying provisions such as increased borrowing authority, is an unmistakable affirmation by lawmakers that the credit union industry can and will take care of its own problems.
Limitations of loss carryforwards: For businesses that have ownership changes under a restructuring plan required by a Treasury loan agreement or line of credit under the bailout provisions of the Emergency Economic Stabilization Act, P.
23 /PRNewswire-FirstCall/ -- In response to increased demand in the wake of recent government bailout provisions, The Mergis Group, a leading specialty professional placement firm, has created a TARP and Government Bailout Talent Delivery Team to manage and deliver companies' recruiting and staffing needs related to the U.
More insidiously, this legislation was passed because most attention was focused on the much larger financial bailout provisions.
The Minnesota Department of Commerce last year became concerned with certain GIC bailout provisions that allowed holders of contracts to turn them in before the scheduled maturity date without the kind of penalty or adjustment that would normally occur.
As a result, the state decided that the bailout provisions weren't in the public interest and ruled last October that it would no longer approve filings of contracts containing rating downgrades or similar bailout provisions.
In 1982, Congress changed the bailout provisions of the Voting Rights Act to provide incentives for jurisdictions to seek a bailout.
End corporate bailouts, including the Troubled Asset Relief Program, that artificially prop up industries, and end "Buy American" and other bailout provisions that reward backward protectionist policies that will hurt America's ability to compete in the global economy.
Because annuities have no bailout provisions or long-term interest rate guarantees, statutory strain is minimal.