Deficit: Difference between revisions
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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. | |||
== See also == | == See also == | ||
Revision as of 08:18, 25 September 2014
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.
