Examlex
An alloy,such as brass,is an example of a solution in the solid state.
Prior Service Cost
The expense recognized by a pension plan for benefits earned by employees in periods prior to the implementation of the pension plan.
Projected Benefit Obligation
An actuarial calculation of the total projected benefits owed to employees in a defined benefit plan, factoring in expected future salary increases.
Pension Asset/Liability
Represents the surplus or deficit in a company's pension plan, indicating whether assets are sufficient to cover pension obligations.
Funded Status
The financial status of a pension plan, usually indicating the extent to which assets cover liabilities.
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