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