Unfunded Pension Plans

Unfunded Pension or Profit-Sharing Plan
An unfunded pension or profit-sharing plan refers to a financial arrangement that does not meet the minimum funding standards. This could pose potential risks to the beneficiaries of such plans due to the lack of adequate financial backing.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.