Back to Top. Salary exchange (also referred to as salary sacrifice), is where someone gives up part of their salary in return for a non-cash benefit, often a pension contribution.alary Exchange Calculator. Salary exchange (also referred to as salary sacrifice), is where someone gives up part of their salary in return for a non-cash benefit, often a pension contribution.
Coming from the Latin adversus meaning turned against, adverse is an adjective describing a factor that seems to work against or actively harm something. Think of the related word, adversary, which means enemy or opponent, so that if something is adverse, it acts as if it were the enemy.
A material adverse change ( also called a MAC ) - also formulated as an Material adverse event or Material adverse effect ( either , a MAE ) - contingency is a legal provision often found in mergers and acquisitions contracts and venture financing agreements that enables the acquirer ( or funder ) to refuse to complete the acquisition or merger or ...