Examlex
A personal, revocable privilege to perform an act or series of acts upon the land of another is called a(n) : ______.
Non-specified Benefit Plan
An employee benefit plan that does not define specific benefits in advance but may provide a pool of funds for potential distribution.
Specified Benefit Plan
A retirement plan where the benefits to be received by employees are defined and specified in advance.
Defined Benefit Plan
A retirement plan in which an employer commits to paying a specified pension amount to employees upon retirement, based on factors like salary history and length of employment.
Defined Contribution Plan
A type of retirement plan where employees, employers, or both make contributions on a regular basis, but the benefits received at retirement depend on the performance of the investments.
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