Triggering Event

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Triggering Event

1. A milestone that a person must attain to become eligible for a benefit or annuity. Usually the triggering event is retirement, but it could be reaching a chronological age, such as 65.

2. A movement in a security's price that causes an investor to become interested in trading that security. For example. if a stock were trading at $70, and the price moves to $75, a shareholder may become interested in selling his/her shares.

3. An event that changes the terms of an agreement or contract. For example, a student loan may include a provision forgiving the debt if the student to whom it is loaned dies. In this case, the triggering event is the student's death. See also: Act of God.
References in periodicals archive ?
Triggering events that put a buy-sell agreement into effect include death, disability, divorce, disagreement, retirement, bankruptcy of a partner or the loss of a partner's professional license.
Payments under Class C cover the occurrence of the fourth and fifth triggering events during the risk period; this Class is rated Ba2 by Moody's and BB- by Fitch.
Finding the triggering events will probably have the most important implications in the long run," she says.
The most common pitfalls regarding impairment testing are: Missing a triggering event--SFAS 142 and 144 define triggering events that require impairment testing of intangibles.
Since the losses of true foreign branches are less likely to be put to a foreign use and any triggering events must be recaptured and reported to the IRS under the domestic use election, subjecting true foreign branches to annual certification is a significant increase in administrative burden.
Being prepared for all potential triggering events ensures a better chance for success.
BUY-SELL AGREEMENTS LET OWNERS, or shareholders and a corporation, agree to the terms and conditions of a future sale to smooth the transfer of an ownership stake under certain triggering events.
All but two of the triggering events that terminate the prepaid gas agreement are optional as opposed to mandatory (such as Merrill Lynch's failure to supply gas or make a payment), introducing greater reliance on the Authority to act in the best interests of bondholders.
367(a) regulations, certain nonrecognition transfers of stock, securities or assets are not triggering events with respect to outstanding GRAs, provided that the U.
If this test-tube system models what's actually happening in the human lung, Holian told Science News, the different responses of the two classes of lung macrophages could result in an overly aggressive immune response to normal triggering events.
Generally, state laws provide that an LLC will dissolve on the death of a member or on some other triggering events, but they allow continuation of the LLC by unanimous consent of the remaining members.