Home > Term: Party in interest
Party in interest
An ERISA-specified individual?such as an administrator, officer, fiduciary, trustee, custodian, or counsel?who is prohibited from making certain transactions involving a retirement plan. A trustee, for example, would be prohibited from using an IRA as collateral for a loan.
- Sõnaliik: noun
- Valdkond/domeen: Financial services
- Category: General Finance
- Company: Bloomberg
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