Prohibited Transaction Exemption (PTE)

Prohibited Transaction Exemption (PTE),

Prohibited Transaction Exemption (PTE): What is the Meaning of Prohibited Transaction Exemption (PTE)?

  • The decision of the Department of Labor (DOL) is based on certain facts and circumstances that a transaction has been approved under the Employees' Retirement Income Security Act (ERISA). Essential for pure captives who ensure the social risk of shareholders.

Literal Meanings of Prohibited Transaction Exemption (PTE)

Prohibited:

Meanings of Prohibited:
  1. It is haraam.

Sentences of Prohibited
  1. They deliberately give contraband to their flocks

Transaction:

Meanings of Transaction:
  1. An example of buying or selling something in a company.

Sentences of Transaction
  1. The delivery date is very important in general business negotiations

Synonyms of Transaction

bond, contract, arrangement, business, treaty, agreement, settlement, undertaking, compact, negotiation, pact, affair, deal, bargain

Exemption:

Meanings of Exemption:
  1. The process of being free or free from obligations or responsibilities imposed on others.

Sentences of Exemption
  1. Prescription fee waiver

Synonyms of Exemption

release, relief, exception, exoneration, indemnity, exclusion, freedom, dispensation, immunity, absolution

PTE:

Meanings of PTE:
  1. Private (in the military).

  2. (In the UK) Passenger Transport Executive, the local agency responsible for enforcing public transport policies in a specific area.