Examlex
Match the following terms to the appropriate definitions.
-An item that has value.
Current Liability
A financial obligation that a company is required to pay within a year, such as accounts payable, short-term loans, and accrued expenses.
Defined Contribution Plan
A retirement plan in which the employer, employee, or both make contributions on a regular basis, but the future benefit is not predetermined.
Pension Plan
A type of retirement plan that requires an employer to make contributions to a pool of funds set aside for an employee's future benefit.
Annual Pension Contributions
The total amount of money contributed to a pension fund by the employer, employees, or both within a year, intended to support employees' retirement benefits.
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