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nonassessable

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non·as·sess·a·ble  (nn-ss-bl)
adj.
1. Impossible to estimate, set, or determine: nonassessable damages.
2. Of or relating to capital stock for which owners cannot be assessed additional funds to cover any liabilities of the firm and therefore cannot lose any more than their original investments.
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The program is nonassessable, so firms will never be asked to make up shortfalls in premiums to cover losses.
Buying workers' comp insurance can now benefit the Foundation by Florida Bar News
In PG&E, the government tried to offset overpaid interest, a nonassessable amount, rather than assessable tax from the year at issue.
Restrictions on the right of offset by Schnee, Edward J. / Journal of Accountancy
Put excess savings into annuities, insurance contracts and Roth IRAs that are nonassessable assets.
Financial aid 101: planning opportunities for CPAs by McQuade, Ralph J. / Journal of Accountancy
 
 
 
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