GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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38% - Moderately

Relocation Company


Synonyms:employee relocation company, relocation service
Filed Under: financial-banking
Tags: banking
 

Definition of relocation company

relocation company
1. A company or business that specializes in providing assistance to individuals who are being relocated by their employers.

Related Terms and Acronyms:

  • balance transfer (BT)   The process of moving an unpaid credit card debt from one issuer to another. Card issuers sometimes offer teaser rates to encourage balance transfers coming in and balance transfer fees to discourage them from going out.
  • corporate relocation   When a company relocates to a new office.
  • fringe benefit   Employee compensation other than your wages, tips and salaries, such as health insurance, life insurance and pension plans. Usually referred to as a Bonus.
  • moving expenses   Expenses incurred when you moved in connection with your job and are deductible if they are the reasonable costs of moving yourself, your family and your possessions. You can no longer deduct the cost of meals while moving.
  • relocation benefits   Money and other consideration that an employer gives to employees who move or are transferred at the company's behest. Can include reimbursement for packing and moving, house-hunting trips, and temporary housing and storage.

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