Examlex
Ed purchases new technological devices such as tablets,smartphones,and e-book readers after many people he knows already own the devices.However,Ed is rarely among the last people he knows to purchase a new technology.Ed is part of the late majority adopter group.
Vacation Pay Expense
Represents the cost to an employer for employees' earned but not yet taken vacation time, recognized as a liability.
Operations Year
The 12-month period used by businesses to measure financial and operational performance, often aligning with the fiscal year but not necessarily the calendar year.
Defined Contribution Plan
A pension plan in which the contributions into the plan are defined but the employee’s pension may vary depending on investment performance.
Annual Pension Benefit
The amount of money an individual receives from a retirement plan each year after retirement.
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