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| 1. ''Pensions - defined benefit schemes.''
| | The US Financial Crimes Enforcement Network. |
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| The 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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| 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.
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| Any financial shortfall, whether cumulative or for a single period.
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| == See also == | | == See also == |
| * [[Amortisation]] | | * [[Financial Action Task Force]] |
| * [[Fiscal deficit]] | | * [[Know-your-customer]] |
| * [[FRS 102]]
| | * [[Money laundering]] |
| * [[Funding level]]
| | * [[6MLD]] |
| * [[Multicurrency cross-border pooling]]
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| * [[Multicurrency one-country pooling]] | |
| * [[Surplus]] | |
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| | [[Category:Context_of_treasury]] |
| [[Category:Accounting,_tax_and_regulation]] | | [[Category:Accounting,_tax_and_regulation]] |
| [[Category:Identify_and_assess_risks]]
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Revision as of 17:32, 25 June 2022
The US Financial Crimes Enforcement Network.
See also
