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imported>Doug Williamson |
imported>Doug Williamson |
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| 1. ''Funding.''
| | ISO currency code for the euro. |
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| Any financial shortfall, whether cumulative or for a single period.
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| 2. ''Public finances.''
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| A government fiscal deficit, usually for a particular period, most often a year.
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| 3. ''Pensions - defined benefit schemes.''
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| The accumulated excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding.
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| '''Example'''
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| Pension liabilities = 100.
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| Pension assets = 90.
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| The deficit would be:
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| 100 - 90
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| = 10.
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| (Not to be confused with the percentage ''funding level'' which in this example would be 90 / 100 = 90%.)
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| Relevant accounting standards include Section 28 of FRS 102.
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| == See also == | | == See also == |
| * [[Amortisation]] | | * [[euro]] |
| * [[Debt]] | | * [[ISO currency codes]] |
| * [[Fiscal deficit]]
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| * [[FRS 102]]
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| * [[Funding level]]
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| * [[Multicurrency cross-border pooling]]
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| * [[Multicurrency one-country pooling]]
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| * [[Office for Budget Responsibility]]
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| * [[Provision]]
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| * [[Surplus]]
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| [[Category:Accounting,_tax_and_regulation]] | | [[Category:The_business_context]] |
| [[Category:Identify_and_assess_risks]] | | [[Category:Financial_products_and_markets]] |
Latest revision as of 15:50, 8 December 2019
ISO currency code for the euro.
See also