technological advances during the 18th century saw the introduction of the cylinder escapement and the spring detent escapement by Arnold and Earnshaw with a bimetallic
compensation balance, but the lever escapement developed by Thomas Mudge proved to be the most valuable asset to the watch-making industry of the time.
When a swap participant forfeits an existing deferred
compensation balance, the company makes adjustments to reverse the accrued deferred compensation liability under APB Opinion no.
The writers have organized cash flow subsections that discuss paid loss retros,
compensation balance, pooling, self-insurance, and captive plans, again offering at the end of each subsection a plan's particular cash flow advantages and disadvantage.