In Retirement Planning,the Term Vesting Means That Once an Employee

question 18

True/False

In retirement planning,the term vesting means that once an employee is "vested" he or she will lose all rights to collect pension benefits should they leave the company before their official retirement date.

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Definitions:

Standard Factoring Arrangement

An agreement where a business sells its accounts receivable to a third party at a discount in exchange for immediate cash.

Receivables

Funds due to a company from its customers or clients for goods or services supplied on credit terms; another term for accounts receivable.

Restructuring of Debt

The process of renegotiating the terms of loans or obligations to provide relief to the borrower, often by extending payment terms or reducing interest rates.

Forgiven Debt

Debt that a creditor has agreed to cancel and not collect from the debtor.