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nonqualified

[non-kwol-uh-fahyd] /nɒnˈkwɒl əˌfaɪd/
adjective
1.
unqualified (def 1).
2.
not meeting the requirements in the pertinent provisions of the applicable regulations, as for tax or pension plan considerations.
Origin
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for nonqualified
  • Gain from the sale or exchange of a main home is not excludable from income if allocable to periods of nonqualified use.
  • It is sometimes referred to as nonqualified service.
  • Employers offering nonqualified defined-contribution plans have varying degrees of discretion in customizing their plans.

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