Home > Terms > English, UK (UE) > settlement (of employee benefit obligations)
settlement (of employee benefit obligations)
A transaction that eliminates all further legal or constructive obligation for part or all of the benefits provided under a defined benefit plan, for example, when a lump-sum cash payment is made to, or on behalf of, plan participants in exchange for their rights to receive specified post-employment benefits.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Accountancy
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Industry/Domain: Entertainment Category: Music
Slipknot
Slipknot is an American heavy metal band from Des Moines, Iowa. Formed in 1995, the group was founded by percussionist Shawn Crahan and bassist Paul ...
Contributor
Featured blossaries
Browers Terms By Category
- Dictionaries(81869)
- Encyclopedias(14625)
- Slang(5701)
- Idioms(2187)
- General language(831)
- Linguistics(739)
Language(108024) Terms
- Railroad(457)
- Train parts(12)
- Trains(2)
Railways(471) Terms
- Prevention & protection(6450)
- Fire fighting(286)
Fire safety(6736) Terms
- Cables & wires(2)
- Fiber optic equipment(1)
Telecom equipment(3) Terms
- Zoological terms(611)
- Animal verbs(25)