A fund set up by a corporation, labor union, governmental entity, or other organization to pay the pension benefits of retired workers. Pension funds invest billions of dollars annually in the stock and bond markets, playing a significant role in the financial markets. Earnings on the investment portfolios of pension funds are tax-exempt.
Reversal, a multifaceted term, can signify a change in direction of financial markets, an offsetting accounting entry, a negative business event, or the overturning of a court decision.
A special situation refers to an investment opportunity often involving stocks that are expected to change in value significantly due to imminent or ongoing events. These can include undervalued stocks and those that fluctuate wildly due to specific news developments.
