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Pension Trustee
An individual or a corporate entity that holds and manages the assets of a pension fund on behalf of the participants.
Journal Entries
The method used in accounting to record each financial transaction of a company, represented by debits and credits in the financial records.
Pension Expense
The cost recognized by an employer in a defined benefit pension plan for the estimated obligations as well as services provided by employees during the current period.
Amortization
The process of gradually writing off the initial cost of an intangible asset over its useful life.
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