Examlex
The elbow has both pivot and hinge joints.
Amortization
The method of systematically amortizing the initial value of a non-physical asset over its estimated useful lifespan.
Pension Expense
The cost recognized by an employer for maintaining a defined benefit retirement plan for its employees.
Service Cost
The portion of the pension expense that is attributed to the current year's service, representing the present value of benefits earned by employees during the year.
Pension Trustee
An individual or organization that holds and manages the assets of a pension fund on behalf of its beneficiaries.
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