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Articulation disorders
GAAP
Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction, particularly in the United States.
Projected Benefit Obligation
The present value of estimated future payments required to settle the obligations of a pension plan over its employees' expected future service.
Plan Assets
Assets that are held by a retirement plan from which the benefits to the participants are to be paid.
Funded Status
A measure of the financial health of a pension plan, indicating the difference between plan assets and liabilities.
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