What is a staggered payment?

Staggered payment is an option under a term plan wherein the nominee(s) receive a portion of the sum assured as a lump sum, and the remaining money comes in form of monthly or annual payments. The duration of the payments varies from policy to policy.

What is staggered manner?

to arrange in a zigzag order or manner on either side of a center: The captain staggered the troops along the road. to arrange otherwise than at the same time, especially in a series of alternating or continually overlapping intervals:They planned to stagger lunch hours so that the cafeteria would not be rushed.

What is installment payment?

Instalment payments are a payment plan arranged between the buyer and the seller. It's usually clearly stated in the payment terms in a contract or on an invoice. These payments are generally arranged for a large order.

How does installment plan work?

Meaning of instalment plan in English. a method of paying for something in which a person pays part of the cost immediately and then makes regular payments until the debt is completely paid: Another option is working out an installment plan to pay taxes over time.

What does 3 monthly payments mean?

You pay the first installment directly, then a second installment in 30 days and a third installment in 60 days. To take advantage of the payment in 3 installments, you must meet these 3 conditions: Your membership is not active. You pay by credit card. You pay in euro.

What is staggered weekly off?

a system of working in which the employees of an organization do not all arrive and leave at the same time, but have large periods of overlap.

What does staggering mean in business?

Key Takeaways. A stagger system involves dividing a company's board of directors into classes and electing them in turns, instead of holding a single election. Staggered board make hostile takeovers extremely difficult because bidders have to win more than one proxy fight over a period of time to take control.

What does staggered mean in government?

Staggered elections are elections where only some of the places in an elected body are up for election at the same time. For example, United States Senators have a six-year term, but they are not all elected at the same time. Rather, elections are held every two years for one-third of Senate seats.

What does it mean to stagger something?

1 : to move or cause to move unsteadily from side to side as if about to fall : reel He staggered under the load's weight. 2 : to cause or feel great surprise or shock The news staggered me.

What are staggering terms?

Staggered Term means a system of electing four members of the Executive Council in one election and three members at another election in alternate years.

How does a staggered board work?

A staggered board of directors is a system that typically aims to prevent hostile takeovers. In a staggered board approach, a company only opens up a portion of their director positions to election at any one time. Staggered boards typically consist of “classes” of positions, each holding elections in different years.

What is staggered hours mean?

Staggered hours are another type of flexible working. It refers to an arrangement where individuals have different start and finish times than other employees.

What is the opposite of staggering?

Antonyms for staggering. diving (in), plunging (in)

What does staggered start mean?

For races run around bends, starts are staggered so that all runners cover the same distance.

What is a staggered lunch?

Lunch breaks are often staggered as well, for example, one group going to lunch at 12:00, another group going at 12:30, and another group going at 13:00. Rest breaks can be similarly staggered if there is a need to have continuous coverage at the worksite.

How do you use staggering in a sentence?

Staggering sentence example

1. Thereafter Napoleon was blindly staggering to his fall. ...
2. Darian shouted, staggering beneath the weight of his magic. ...
3. Pierre leaped up from the sofa and rushed staggering toward her. ...
4. Staggering amid the crush, Pierre looked about him. ...
5. The amount of writing we are talking about is staggering .

What word can replace staggering?

In this page you can discover 68 synonyms, antonyms, idiomatic expressions, and related words for staggering, like: mind-blowing, tremendous, astonishing, surprise, mind-boggling, overwhelming, huge, overpowering, unbelievable, astounding and stupefying.

Is staggering positive?

An aircraft is said to have positive stagger, or simply stagger, when the upper wing is positioned forward of the lower (bottom) wing, Examples include the de Havilland Tiger Moth or Stearman.

What is staggering effect?

1 usually intr to walk or cause to walk unsteadily as if about to fall. 2 tr to astound or overwhelm, as with shock.

How does a 9 day fortnight work?

What is a nine day fortnight? Simply put, you work the same amount of hours, but condensed over nine days instead of 10. For example, instead of working 8am – 4pm, you work 8am – 4:45pm. Every other Friday is then your own lovely day off!

What are the benefits of a staggered board?

Generally, proponents of staggered boards cite two main advantages that staggered boards have over traditionally elected boards: 1) board continuity and 2) anti-takeover provisions—hostile acquirers have a difficult time gaining control of companies with staggered boards.

How do you establish staggered terms?

Probably the most common way of staggering terms is by using three groups and three-year terms. This way, there are never fewer than 2/3 experienced members on the Board. Obviously, this makes no sense for a small Board say, fewer than about 12.

Why are staggered boards bad?

A staggered board is considered a poor governance choice because it prevents an activist investor from taking majority control of a board in a single election and instead requires two years for a proxy contest to be successful. For this reason, proxy advisory firms oppose classified boards.

What is a continuous body in government?

definition: a legislative body, such as the U.S. Senate, that achieves stability by staggering the terms of its members to prevent more than a minority of seats from changing in a single election.

Which group serves a 2 year term?

Members of the House of Representatives serve two-year terms and are considered for reelection every even year. Senators however, serve six-year terms and elections to the Senate are staggered over even years so that only about 1/3 of the Senate is up for reelection during any election.