Deficit: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Spacing) |
imported>Doug Williamson m (Spacing and indentation) |
||
| Line 1: | Line 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%.) | |||
#More generally, any financial shortfall. | |||
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%.) | |||
== See also == | == See also == | ||
Revision as of 16:46, 5 August 2013
- 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%.)
- More generally, any financial shortfall.
