nonqualified

[non-kwol-uh-fahyd]
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:
non- + qualified

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
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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