Examlex
A trust might be used when a married couple is divorcing.
Accrual Basis of Accounting
Accrual basis of accounting is a method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is actually received or paid.
Defined Benefit Pension Plan
A type of pension plan where the benefits that a retiree will receive are calculated based on factors such as salary history and duration of employment.
Service Cost
The expense recognized by an employer for the portion of projected benefit obligations earned by employees in the current period in a defined benefit plan.
Interest Cost
The total interest expense associated with borrowing money, including the amortization of any discount or premium, relevant to the period in which it is incurred.
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