Definition of Year Of Exhaustion

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TeachMeFinance.com - explain Year Of Exhaustion



Year Of Exhaustion

The term 'Year Of Exhaustion ' as it applies to the area of Medicare in the United States can be defined as ' The first year in which a trust fund is unable to pay benefits when due because the assets of the fund are exhausted'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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