Definition of pension fund
:money that a company invests in order to earn money to pay pensions
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Word by Word Definitions
pension
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: a fixed sum paid regularly to a person:
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: wage
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: a gratuity granted (as by a government) as a favor or reward
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: to grant or pay a pension to
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: to dismiss or retire from service with a pension
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fund
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: a sum of money or other resources whose principal or interest is set apart for a specific objective
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: money on deposit on which checks or drafts can be drawn
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: capital
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: to make provision of resources for discharging the interest or principal of
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: to provide funds for
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: to place in a fund : accumulate
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