nonqualified

[ non-kwol-uh-fahyd ]
/ nɒnˈkwɒl əˌfaɪd /

adjective

not meeting the requirements in the pertinent provisions of the applicable regulations, as for tax or pension plan considerations.

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Origin of nonqualified

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020