Deficit: Difference between revisions

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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.

See also