Definitions for "Portability" Add To Word List
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The ability of an employee to retain benefits, such as a pension plan or insurance coverage, when switching employers.
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In relation to superannuation, the ability to switch benefits from one fund to another, or from a superannuation fund into a rollover fund (eg. upon a change of employment).
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An individual changing jobs would be guaranteed coverage with the new employer, without a waiting period or having to meet additional deductible requirements.
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The ability of an individual to transfer from one health insurer to another health insurer without regard to preexisting conditions or other risk factors.----------[ Back
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An electronic storage medium that will run on equipment offered by multiple manufacturers and can be transferred from one medium to another.
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The ability of a homeowner to take a mortgage with them to a new property when selling their home, thereby avoiding payout penalties, enjoying existing terms and interest rates for the remainder of the mortage. See http://cmhc-schl.gc.ca/HF-FL/en/Buying_home/2/2sing.html
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Generally occurs when a person transfers their existing loan to another property. Additional fees may apply if the loan size is increased.
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A product feature that governs whether you can take the mortgage with you if you move during the introductory offer period and beyond. This saves you having to pay off the loan and take out a new one.
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Keywords: Axp, Cisc, Risc, Mips, Hat
Relating to or being software that can run on two or more kinds of computers or with two or more kinds of operating systems. Source: Dictionary.com
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The program will run on Win 95/98/XP and Red Hat Linux 9.
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A property of a program that can run on more than one kind of computer.
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Windows NT runs on both CISC and RISC processors. CISC includes computers running Intel 80386 or higher processors. RISC includes computers with MIPS R4000 or Digital Alpha AXP processors.
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refers to the option available to all Section 8 participants who receive rental subsidy from one housing authority who are allowed to move to the jurisdiction of another housing authority and still retain their Section 8 Vouchers or Certificates (see below).
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The option for the end user to retain its telephone number when switching tele operators. (Number portability).
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Allows you to retain your policy after leaving your employer. COBRA provides a type of portability in that you can maintain your insurance for a limited period of time (typically 18 months) as long as you pay the premiums.
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