Examlex
For a bar chart to show graphical excellence, the bars must be the same width irrespective of each bar's height.
Defined Benefit Pension Plan
A type of pension plan where the benefits that a retiree will receive are calculated based on factors such as salary history and duration of employment.
Service Cost
The expense recognized by an employer for the portion of projected benefit obligations earned by employees in the current period in a defined benefit plan.
Interest Cost
The total interest expense associated with borrowing money, including the amortization of any discount or premium, relevant to the period in which it is incurred.
Prior Service Cost Amortization
The process of allocating the cost of retroactively awarded benefits of an employee's pension plan over several years.
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