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imported>Doug Williamson |
imported>Administrator |
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| | ''Documentation and regulation.'' |
| | | The elimination of physical certificates or documents of title which represent ownership of securities, so that securities exist only as accounting records. |
| Any financial shortfall, whether cumulative or for a single period.
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| 2. ''Public finances.''
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| A government fiscal deficit, usually for a particular period, most often a year.
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| 3. ''Pensions - defined benefit schemes.''
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| The accumulated excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding. | |
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| '''Example'''
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| Pension liabilities = 100.
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| Pension assets = 90.
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| The deficit would be:
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| 100 - 90
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| = 10.
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| (Not to be confused with the percentage ''funding level'' which in this example would be 90 / 100 = 90%.)
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| Relevant accounting standards include Section 28 of FRS 102.
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| == See also == | | == See also == |
| * [[Amortisation]] | | * [[Documentation]] |
| * [[Debt]]
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| * [[Fiscal deficit]]
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| * [[FRS 102]]
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| * [[Funding level]]
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| * [[Multicurrency cross-border pooling]]
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| * [[Multicurrency one-country pooling]]
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| * [[Provision]]
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| * [[Surplus]]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:Identify_and_assess_risks]]
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Revision as of 14:19, 23 October 2012
Documentation and regulation.
The elimination of physical certificates or documents of title which represent ownership of securities, so that securities exist only as accounting records.
See also
