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The educational definition of blindness and low vision stresses
Projected Benefit Obligation
An actuarial estimation of the present value of all the benefits earned by employees, taking into account expected future salary increases.
Pension Plan Assets
Funds and investments held by a pension fund to meet future obligations to retirees.
Prepaid Pension Costs
Expenses paid in advance for pension benefits, typically recorded as an asset on the balance sheet.
Unrecognized Net Loss
A loss that has occurred but has not been reported in the financial statements because it has not yet been realized through a transaction.
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