Credit card and Projected benefit obligation: Difference between pages

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imported>Doug Williamson
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A card indicating that the holder has been granted a line of credit.  
(PBO). ''Pensions''.
 
The present value of pension benefits owed to employees under a pension scheme’s benefit formula including any projected salary increases and discounted at a nominal rate of interest.
It enables the holder to make purchases and/or withdraw cash up to a pre-arranged ceiling; the credit granted can be settled in full by the end of a specified period or can be settled in part, with the balance taken as extended credit.
 
Interest is charged on the amount of any extended credit and the holder is sometimes charged an annual fee.
 


== See also ==
== See also ==
* [[Credit]]
* [[Accrued benefit obligation]]
* [[Debit card]]
* [[Aggregate method]]
* [[Payments and payment systems]]
* [[Interest cost]]
* [[MIF]]
* [[Service cost]]


[[Category:Cash_management]]
[[Category:Liquidity_management]]

Revision as of 14:20, 23 October 2012

(PBO). Pensions. The present value of pension benefits owed to employees under a pension scheme’s benefit formula including any projected salary increases and discounted at a nominal rate of interest.

See also


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