Vested Accumulated Benefit Obligation Financial Glossary

What is it? The portion of the accumulated benefit obligation under a defined benefit plan to which the employees have a legal right even if their employment is terminated before retirement.

Finance Term Definition Added By: Bailey

Send To Friends!

If you'd like to send the Vested Accumulated Benefit Obligation definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Vested Accumulated Benefit Obligation. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Endowment mortgage is A type of mortgage where your payments cover the interest cost only. You need to take out an Endowment Policy to pay off the loan at the end of its term.

Financial Term depreciation is The amount by which a fixed assets accounting or book value is periodically reduced to reflect the fact that the economic value of the asset is steadily reduced by a combination of wear and tear from use, age, and/or obsolescence. The offsetting entry is depreciation expense.

Financial Term Classic Card is Brand name for the standard card issued by VISA.

Financial Term Resident Population is The assessment of the number of people living in the area. This is a measure used by the Government to determine levels of local authority funding. For 2005/2006 it is based on the number of adults as at 30 June 2003 for each authority, as estimated by the Registrar General and adjusted for boundary changes in force from 1 April 2004 to 31 March 2005.

Financial Term Universal Life Insurance is A cash value life insurance policy that provides life insurance protection and a savings component, with a guaranteed rate of return.