Flexible Spending Account. Your employer may offer dependent care benefits by allowing you to use pre-tax dollars to pay for your child care expenses. This arrangement is a flexible spending account that is funded pre-tax contributions, deducted from your pay. For 2013, the maximum tax-free amount is $5,000.
golden parachute. A clause in an executive's employment contract specifying that he/she will receive large benefits in the event that the company is acquired and the executive's employment is terminated.
by FeryD. Golden welds is a concept that is used in conjunction with pipeline lay and repair. The golden weld is an accepted weld without solid (and more tangible) proof of strength, for example a break test or load test.Before a pipeline is put into use, it is often pressure-tested with water (a hydrotest) to a level above the working pressure of the pipeline.n short: In the pipeline industry it is accepted that you don't pressure test a system component (eg. a weld) if you can prove by inspection and calculation that it is strong enough.