pension fund

Definition of pension fund

:money that a company invests in order to earn money to pay pensions

Word by Word Definitions

pension play
  1. : a fixed sum paid regularly to a person:

  2. : wage

  3. : a gratuity granted (as by a government) as a favor or reward

  1. : to grant or pay a pension to

  2. : to dismiss or retire from service with a pension

fund play
  1. : a sum of money or other resources whose principal or interest is set apart for a specific objective

  2. : money on deposit on which checks or drafts can be drawn

  3. : capital

  1. : to make provision of resources for discharging the interest or principal of

  2. : to provide funds for

  3. : to place in a fund : accumulate


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