A Defined Benefit Plan Will Never Have Unfunded Actuarial Liabilities

question 38

True/False

A defined benefit plan will never have unfunded actuarial liabilities.

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Definitions:

Holder in Due Course

A legal term describing a party who has acquired a negotiable instrument in good faith and for value, thereby having certain protections against defenses and claims.

Alters

Changes or modifies something, often in a way that significantly affects its form or character.

Modern Concept

Modern concept emphasizes current, contemporary ideas or approaches that break from traditional norms or historical practices.