Examlex
ADRs are considered an effective way for firms to improve the liquidity of their stock, especially if the home market is small and illiquid.
Defined Benefit Pension Plan
A retirement plan where employee benefits are calculated using a formula that considers factors like length of employment and salary history, with the employer bearing the investment risk.
Projected Benefit Obligation
The present value of all the benefits earned by employees, according to their pension plan up to the measurement date.
Amortization of Prior Service Cost
The process of gradually recognizing the costs of benefits earned by employees in earlier periods in the pension expense over the service life of the employees.
Settlement/Discount Rate
The interest rate used in calculating the present value of future cash flows or the rate at which a financial transaction is settled less than its original value.
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