In Terms of Assets Managed and Numbers of Plans,defined Contribution

question 50

True/False

In terms of assets managed and numbers of plans,defined contribution plans are becoming more predominant and defined benefit plans are declining.

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Definitions:

Partnership Property

Assets or property owned by a partnership, which are used in the operation of the business and subject to the rights and interests of the partners.

Partner's Interest

A reference to an individual's ownership stake or share in a partnership, reflecting their rights to profits and obligations for losses.

Assignability

The capability of a contractual right or duty to be transferred from one party to another.

Inheritability

The characteristic of a trait, such as property or genetic information, that allows it to be passed down from one generation to the next through inheritance.