Financial Dictionary

This dictionary contains:
24549
financial terms

Pension




Pension

A regular sum of money paid to a retired worker in return for past services or contributions.

RELATED TERMS
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Money
A means of payment, especially coins and banknotes, although some definitions also include bank deposits, checks, etc.

Return
The change in the value of a portfolio over an evaluation period, including any distributions made from the portfolio during that period.

Services
Activities offered for sale to customers, (advice, transport, banking, insurance, restaurants, hotel rooms, etc.)



SIMILAR TERMS
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PENSACOLA Credit Union
PENSACOLA is a credit union with head office in PENSACOLA, FL

PENSACOLA GOVERNMENT Credit Union
PENSACOLA GOVERNMENT is a credit union with head office in PENSACOLA, FL

PENSACOLA L & N Credit Union
PENSACOLA L & N is a credit union with head office in PENSACOLA, FL

Pension adjustment
The amount of contributions that can be made to a Registered Retirement Savings Plan (RRSP) on top of any contributions to a Registered Pension Plan (RPP) in a given year.

Pension Benefit Guaranty Corporation (PBGC)
A federal agency that insures the vested benefits of pension plan participants (established in 1974 by the ERISA legislation).

Pension fund
Financial institution that invests workers' pension contributions, and pays them pensions on retirement.

Pension liabilities
Future liabilities resulting from pension commitments made by a corporation. Accounting for pension liabilities varies widely by country.

Pension parachute
A form of poison pill providing that in the event of a hostile takeover attempt, any excess pension plan assets can be used to benefit pension plan participants. In the context of corporate governance, these provisions prevent an acquirer from using surplus cash in the pension fund of the target in order to finance an acquisition.

Pension plan
A fund that is established for the payment of retirement benefits.

Pension reversion
Termination of an over funded defined benefit pension plan and replacement of it with a life insurance company-sponsored fixed annuity plan.

Pension shortfall
A situation in which a company offering employees a defined benefit plan does not have enough money set aside to meet the pension obligations to employees who will be retired in the future.

Pension sponsors
Organizations that have established a pension plan.



PREVIOUS AND NEXT TERMS
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Penalty bid
A bid intended to facilitate a securities offering by stabilizing its price during the distribution period.

Penalty clause
A clause found in contract agreements that provides for a penalty in the event of default.

Penalty tax
A federal tax that can be applied if a plan holder does not meet certain requirements when making withdrawals from a tax-advantaged retirement plan (for instance, if the plan holder has not reached age 59-1-2).

Pennant
A chart pattern resembling a pointed flag, with the point facing to the right, which shows a diminishing variance of price.

Penny stock
Used in the context of general equities. Stock that typically sells for less than $1 a share, although it may rise to as much as $10-share after the initial public offering, usually because of heavy promotion.

Pension

Pension adjustment
The amount of contributions that can be made to a Registered Retirement Savings Plan (RRSP) on top of any contributions to a Registered Pension Plan (RPP) in a given year.

Pension Benefit Guaranty Corporation (PBGC)
A federal agency that insures the vested benefits of pension plan participants (established in 1974 by the ERISA legislation).

Pension fund
Financial institution that invests workers' pension contributions, and pays them pensions on retirement.

Pension liabilities
Future liabilities resulting from pension commitments made by a corporation. Accounting for pension liabilities varies widely by country.

Pension parachute
A form of poison pill providing that in the event of a hostile takeover attempt, any excess pension plan assets can be used to benefit pension plan participants. In the context of corporate governance, these provisions prevent an acquirer from using surplus cash in the pension fund of the target in order to finance an acquisition.

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This dictionary contains 24549 terms.







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