BOLI


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AcronymDefinition
BOLIBureau of Labor and Industries
BOLIBank-Owned Life Insurance
BOLIBarcode of Life Initiative (est. 2003)
References in periodicals archive ?
Boli, who works in the sales department of ESPN 5, was Biker 1.
3) The applicable BOLI wage determination is dated January 1, 2017 with the April 1, 2017 Amendment.
Later, a resolution presented by writer/ poet Muhammad Arshad was unanimously passed demanding the provision of at least primary level education in "Maan Boli".
The BOLI total was up 3.5% from the total Michael White Associates recorded a year earlier.
BOLI pays about $785,000 out of the fund each year to employees who don't receive wages for up to two months before a business closes, Burr said.
The 2014 edition of the Equias Alliance/Michael White Bank-Owned Life Insurance (BOLI) Holdings Report concludes that:
Not every bank carries BOLI. New York Life's executive benefits affiliate, NYLEX, counts $115.9 billion in BOLI holdings among 4,025 banks nationwide as of September 2007, but even in the Southeast, the region where the greatest proportion of banks carry the insurance, only 35 percent of banks have it.
Banks are considered highly "balance sheet sensitive." From a bank investment perspective, the life insurance contract has been described as "a perpetual municipal with a yield that resets to the market." From a bank accounting perspective, the purchase of life insurance has been described as a "repositioning" of assets on the balance sheet, "from the securities portfolio to the BOLI portfolio," that generates "incremental income." Unlike traditional taxable investments, the cash value increases of BOLI are reflected on the balance sheet as "other non-interest income," without any reduction for income taxes (accounting for BOLI policies is subject to FASB Technical Bulletin 85-5, see page 360).
Alex Rodriguez yesterday revealed that he used a steroid called Boli provided by his cousin between 2001 and 2003.
What's more, several banks have even had trouble with their life insurance policies--specifically bank-owned life insurance, commonly termed BOLI.