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automatic rollover meaning

  "automatic rollover" in a sentence
  • [Finance]
    A rollover of a participant's qualified-plan balance to an IRA without the participant's authorization.

Examples

  1. please be reminded that your fxlq customer agreement provides for automatic rollover of positions which are not closed during the course of a trading day
  2. "" [ I ] t is the intention of the Parties to create an automatic  rollover provision so that the Term of this Agreement will always have six ( 6 ) years remaining after the automatic rollover occurs.
  3. Federal regulation against payday loans is primarily due to several reasons : ( a ) significantly higher rates of bankruptcy amongst those who use loans ( due to interest rates as high as 1000 % ); ( b ) unfair and illegal debt collection practices; and ( c ) loans with automatic rollovers which further increase debt owed to lenders.

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