One of the mysteries of the English language finally explained.
The extension or transfer of a debt or other financial arrangement.
- ‘Of course, before you elect to roll over amounts to your new employer's retirement plan, check with the plan administrator that the plan has been designed to accept rollovers.’
- ‘An employee may avoid the 20% withholding if the distribution is processed as a direct rollover to a Traditional IRA.’
- ‘This division is treated as a non-taxable transaction, which could be a transfer or rollover, depending on the financial institution.’
- ‘But the company said the amount represented the rollover of a loan which was not part of turnover.’
- ‘Should you later decide to roll over assets you received as an indirect rollover, you may either roll over the amount you received or roll over the total amount distributed.’
- ‘He was about to roll his IRA rollover into a new profit-sharing plan from his new business venture.’
- ‘If you miss the deadline because your financial institution bungled the rollover, you may be eligible for an automatic waiver, which means you don't have to apply for relief.’
- ‘The 6% excise tax may also apply to ineligible rollovers unless they are corrected in a timely manner.’
- ‘One concern is that if the terminated plan had a disqualifying defect, any plan that accepts its rollovers runs the risk of being disqualified as well.’
- ‘This includes after-tax amounts, provided these amounts are transacted as direct rollovers.’
- ‘He declined to comment on the two individual debt rollovers.’
- ‘The main advantage of a rollover is that you usually get more investment choices and better control over your savings.’
- 1.1British (in a lottery) the accumulative carryover of prize money to the following drawing.
- ‘She had never won anything in her life, so it's safe to say she was surprised when she scooped the rollover jackpot.’
- ‘To ensure that rollovers would push the jackpots even higher, they made the game ridiculously hard to win.’
- ‘That was when the jackpot began the first of its nine rollovers and steadily grew up to €115m.’
- ‘When the business floats later this month, she and work partner will be rich beyond the dreams of even a rollover lottery winner.’
- ‘The Lottery system is designed to have lots of rollovers, large jackpots, and single winners.’
2informal The overturning of a vehicle.
- ‘The standard Roll Stability Control system prevents or decreases the likelihood of rollovers by managing throttle and brakes to induce understeer.’
- ‘The vehicle offers numerous safety options, including rollover sensors, side curtain air bags, and electronic stability control.’
- ‘The theory ignores the fact that SUVs present significant rollover risk in accidents, making them just as dangerous overall as passenger cars.’
- ‘Specifically the increase has been in single-vehicle run-off-road crashes such as rollovers or impacts with fixed objects.’
- ‘He, who was also killed that day, had been diagnosed with paranoid schizophrenia five years previously after sustaining a serious head injury resulting from a rollover car accident, according to family members.’
- ‘The main reason is that SUVs carry a high risk of rollover; 62 percent of SUV deaths in 2000 occurred in rollover accidents.’
- ‘He has survived two major wars, 16 drunk driving accidents, 3 tractor rollovers, and getting stabbed in the face by an angry ex-wife.’
- ‘Sedans, in contrast, have a much lower rollover risk, making them the safest vehicles in most cases.’
- ‘Emergency swerves to avoid a crash can themselves lead to rollover accidents.’
- ‘Meanwhile, there are 10, 500 rollover deaths each year in automobile accidents, almost a third of the total.’
3A facility on an electronic keyboard enabling one or several keystrokes to be registered correctly while another key is depressed.
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