Accrued Benefits
Benefits that an employee has earned to date based on his or her membership of a pension scheme. Accrued benefits are often calculated in relation to the employee’s salary and…
Absolute Return
Investment strategies targeting a positive return in absolute terms rather than relative to an index or other benchmark. These strategies avoid construction limitations imposed by the measurement against a specific…
AAA Credit Rating
It is the Highest Rating assigned by a number of credit rating agencies, indicating the relative security of an issuer of debt. Usually accorded to quasi government and large multinational…
401 (k) Plan
It is basically US-defined contribution plan offered by a corporation to its employees, which allows members to set aside tax-deferred income for retirement purposes. (The name 401(k) comes from the…
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