English - English
Definition of non-qualified in English English dictionary
- Subject to taxes
- A broad term that describes a transaction that did not interchange at the best rate because it was entered manually, was not settled in a timely manner, or the data set required for the best interchange was not provided
- A non-qualified plan does not meet the minimum standards set forth in the Internal Revenue Code for participation, vesting, funding of benefits, etc Tax-deferred benefits under a non-qualified plan may not be completely secured for the protection of the participants