from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A pool of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. a financial institution that collects regular contributions from employers to provide retirement income for employees
  • n. a fund reserved to pay workers' pensions when they retire from service


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