flexdollar
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English
[edit]Etymology
[edit]Noun
[edit]flexdollar (plural flexdollars)
- (US, finance, usually in the plural) An amount of money, paid by an employer to an employee, that can be spent on any of various benefits.
- 1982, Pension World, volume 18, page 89:
- The difference in value between the pre-flexible benefit plan and the core plan was returned to each participating employee as an individually determined flexdollar allowance.
- 1982 May, Kiplinger's Personal Finance, volume 36, number 5, page 51:
- This option allows employees to put flexible credits — the company calls them flexdollars — into the account, to be used for medical expenses not already covered. Flexdollars can be kept in the account from year to year, until needed.
- 1985, Human Resource Management News, page 202:
- Employees will get profit-sharing amounts in the form of "flexdollars." Those who deposit the flexdollars in the company profit-sharing plan will have the amount matched dollar—for-dollar by the company.