gratuitous allowance

A pension voluntarily granted by a public entity.

• The gratuitous (rather than contractual) nature of this type of allowance gives the pensioner no vested rights in the allowance. [Cases: Pensions 2.]

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词条贡献者

译者Kelly，美国顶尖商学院国际经济法专业，擅长翻译各种与投资基金与基金顾问诉讼相关的法律文件。