pension fund
Definitions
A pool of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits.
Equivalents
6 more languages
Examples
“Investors face⟳ a quandary. Cash offers a return⟳ of virtually zero in many developed countries; government-bond yields may have⟳ risen in recent weeks but they are still unattractive. Equities have⟳ suffered two big bear⟳ markets since 2000 and are wobbling again. It is hardly surprising that pension funds, insurers and endowments are searching for new sources of return⟳.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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