Examples of Use or Lose Rule in a sentence
Use or Lose Rule - an IRS rule which states that employees must spend any remaining balance in their FSA by the end of the plan year.
Usually the government will pay to the agriculturist very late so the private sector (social enterprise company) will support advance to the agriculturist and will wait until government pay.
Each Loan Party shall utilize its Slots in a manner that does not breach, violate, or conflict with the Use or Lose Rule or result in the loss of any Slot under the Use or Lose Rule.
SBS will notify you when it’s time to send a copy.4. Use or Lose Rule – any amount that is left in the account at the end of the plan year grace period that is unclaimed will be forfeited.
Use or Lose Rule" shall mean, with respect to Slots, the terms of 14 C.F.R.