Deficit: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing) |
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1. ''Pensions accounting.'' | 1. ''Pensions accounting.'' | ||
The excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding. | The excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding. | ||
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* [[Multicurrency one-country pooling]] | * [[Multicurrency one-country pooling]] | ||
* [[Surplus]] | * [[Surplus]] | ||
Revision as of 16:44, 5 August 2013
1. Pensions accounting.
The excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding.
For example, if the liabilities were 100 and the assets were 90, the deficit would be 100 - 90 = 10. (Not to be confused with the percentage funding level which in this example would be 90/100 = 90%.)
2. More generally, any financial shortfall.