Business / Finance / Pension Reversion: Termination of an overfunded defined benefit pension plan and replacement of it with a life insurance company-sponsored fixed annuity plan.
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Pension Noun Synonyms: benefit, allowance, annuity, subsistence, superannuation, allotment, old-age pension, social security, golden handshake
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Business / Real Estate / Reversion: The right of future possession and use by the grantor of a life estate. MORE
Business / Real Estate / Reversionary Interest: The remnant of an estate that the grantor holds after granting a life estate to another person. MORE
Business / Real Estate / Reversionary Right: The return of the rights of possession and quiet enjoyment to the lessor at the expiration of a lease. MORE
Technology / Motorcycle / Plunger Suspension: In the 1930?€™s the ?€?plunger?€? motorcycle frame suspension began to replace the rigid frames of earlier bikes. This was designed so the rear axle would move up and down two vertical posts t MORE
Business / Finance / Pension Sponsors: Organizations that have established a pension plan. MORE
Business / Accounting / Pension Plan: A contract between a company and it employees whereby the company agrees to pay benefits to employees after their retirement. MORE