Special Termination Cost Clause and Termination Liability Although we don't like to think about it, one of the potential outcomes of any contract is that the government may chose to terminate for convenience, and incur the associated costs for doing so.
What does T/L stand for?
T/L stands for Termination Liability
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of T/L
We have 69 other meanings of T/L in our Acronym Attic
- Turbine Generator
- Thermal and Hydraulic
- Track and Hold (circuit)
- Trauma/Hemorrhagic Shock
- Test Index
- Thecal/Interstitial Cell (endocrinology)
- Tie Interceptor (Star Wars)
- Trading and Incentives
- Test/Inspection Report
- Training Literature (US Navy)
- Trendline (trading markets; stocks, bonds, commodities)
- Temperature/Liquid Level Monitor
- Transects and Large-Scale Land Surface Experiments
- Minor Thief / Predominantly Mage (Utopia game)
- Predominantly Thief / Minor Mage (Utopia game)
- Thief / Mage (Utopia)
- Tissue/Medium Ratio (pharmacology)
- Tot En Met (Dutch: through, spanning)
Samples in periodicals archive:
it may be even more important to look at the termination liability of chronically underfunded pension plans.
Termination liability is now calculated only against the base unit price for price element contract cost (CC).
For example, while a plan may have met the IRC's annual minimum funding requirements, a defined benefit plan may not have sufficient assets to cover accrued liabilities, and should the plan terminate, it may be underfunded with respect to its termination liability.
Elizabeth Robinson said the funds are not intended to cover contract termination liability, and they will instead go for the cost of pulling Constellation equipment out of its own facilities, environmental remediation of the facilities and keeping civil servants on the payroll until new work can be found for them.