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.
Definition of contract. 1 : to make a contract The builder contracted with them to build a deck. 2 : to draw together so as to become diminished in size Metal contracts on cooling.; also : to become less in compass, duration, or length Muscle contracts in tetanus.