wex definitions

Definition

An abbreviation for qualified domestic relations order. See qualified domestic relations order. 

Definition

An abbreviation for qualified domestic trust. See qualified domestic trust. 

Definition

An abbreviation for qualified medical child support order. See qualified medical child support order.

Definition

To offer or present for immediate acceptance or rejection, usually evidence at trial.

The priority date is used by the Department of State to determine an individual’s place in line in the visa queue where there are a limited number of immigrant visas available in a given year. For family sponsored immigration, the priority date is the date that the petition is properly filed with U.S. Citizenship and Immigration Services (USCIS). The priority date for an immigrant petition that is based on employment is either the date the petition was filed with USCIS, or the date the labor certification application was accepted for processing by the Department of Labor.

Definition

A type of investment fraud in which investors are promised artificially high rates of return with little or no risk; original investors and the perpetrators of the fraud are paid off by funds from later investors, but there is little or no actual business activity that produces revenue.

Definition

Subject matter that the Supreme Court deems to be inappropriate for judicial review because discretionary power over it should be left to the politically accountable branches of government (i.e., the President and Congress).

Definition

A corporation’s defensive strategy against a hostile takeover bid in which current shareholders other than the tender-offer bidder or prospective bidder, upon a triggering event, have the right to purchase additional corporate stocks at a deeply discounted price. The effect is to dilute the value of the stock and increase the bidder’s acquisition costs. Also called a shareholder rights plan.

PERM is the Program Electronic Review Management system developed by the U.S. Department of Labor to replace the previous labor certification program. Labor certification is required of U.S. employers seeking to employ foreign citizens on a permanent basis. The new program was proposed with the goal of creating a more streamlined system to verify that there are no U.S. workers able, willing and qualified to fill a permanent position that is being offered to a foreign national.

Definition

A jail or correctional facility that confines convicted criminals for an extended period of time.