Roll-overs

Roll-overs refer to situations where an agreement, contract, or balance continues or is transferred to a future period or event. This is typically applied in financial contexts, like retirement plans or investments, where funds 'roll over' from one year to the next, or to contractual arrangements that are renewed. It can also describe the accidental overturning of a vehicle, or the transfer of tasks or responsibilities. Understanding the specific context is critical to properly interpret 'rollover' meaning.

Roll-overs meaning with examples

• After a successful year, the company decided to offer a 401k roll-over, allowing employees to move their retirement savings. This flexibility ensured the team didn't lose investment growth potential. This incentive was popular, boosting employee morale and the sense of long-term financial planning within the group.
• The contract stated an automatic rollover clause for services. If neither party terminates before the deadline, the agreement is automatically extended for another year. This ensured consistent service provision but needed careful monitoring to avoid unwanted extension or unnoticed changes in terms.
• The accident involved a dangerous roll-over due to icy conditions, resulting in injuries. Fortunately, the car's safety features worked, protecting the driver and passengers, and emergency services were immediately called. The investigation helped identify the causes of the rollover.
• Following the project lead's unexpected resignation, project responsibilities require a roll-over plan, to assign different tasks and duties to new team members, ensuring deadlines were met and project milestones were achievable with less disruption.