Social Security Act

Glossary

• actuarial relating to statistical calculations for insurance purposes
• allotments shares given
• appropriation budgeted money set aside for a particular purpose
• audit formal examination, correction, and endorsement of financial accounts
• bona-fide authentic
• certification official documentation or evidence as proof of something, such as authenticity
• community chest fund raised by voluntary contributions for local charities and social welfare activities
• excise tax tax paid for license, such as to engage in commercial activities
• indemnified protected against loss, damage, or liability
• in loco parentis having or taking on the responsibility of a parent when dealing with someone else&esquo;s child
• instrumentality a sub-branch of a department or agency
• joint-stock companies commercial enterprises whose capital is in shares that individual holders may transfer without the consent of the whole body
• obligations things owed, such as debts of the federal government
• premium sum of money paid in addition to a normal price
• settlement agreement out of court; payment of bill, debt, or claim
• tables of mortality tables listing life expectancy and death rate for various ages or occupations based on mortality statistics
• tenure appointment or period of appointment