Occupation

Gainful Employment/Occupation
Gainful Employment or Occupation refers to employment that is suited to the ability of the employed individual, enabling them to earn an income. In the context of disability covered by insurance, it generally pertains to the insured individual's ordinary employment or other employment that approximates the same livelihood, considering their circumstances and physical and mental capabilities.
Occupation
An occupation refers to a trade, job, business, or vocation of an individual, serving as the principal means by which one earns a livelihood.
Wage Bracket
A range of salaries for a particular occupation, often determined by levels of seniority and experience.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.