expense constant

  • A flat amount sometimes imposed in workers’ compensation insurance if the estimated premium is less than a specified amount. Intended to pay the cost of issuing and servicing a small policy.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).