Glossary


A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Hold Harmless Agreement

Contract provision under which the potential legal liability and defense of one party for damages payable, for some future loss, is assumed by another party to the contract.

Honorarium

Taxable payment made representing a token of appreciation. Honoraria payments can generally be submitted to Accounts Payable on a Request For Payment form. Accounts Payable requires a name, address, social security number (if applicable), and country of citizenship. Individuals who are not United States citizens are subject to 30 percent withholding tax, required by the IRS.