Business / Finance / Projected Benefit Obligation (PBO): A measure of a pension plan's liability at the calculation date assuming that the plan is ongoing and will not terminate in the foreseeable future. Related: Accumulated benefit obligation.
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Benefit Verb Synonyms: improve, aid, help, better, promote, further, advance, forward
Benefit Noun Synonyms: advantage, profit, good, sake, gain, aid, help, service
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Obligation Noun Synonyms: responsibility, duty, charge, burden, onus, accountability, liability, trust, demand, requirement, compulsion, devoir
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Business / Finance / Moral Obligation Bond: A tax-exempt bond issued by a municipality or a state financial intermediary that is backed by the moral, but not legal, obligation of a state government to appropriate funds in case of default. MORE
Health / Dentistry / Minimum Monthly Benefit: There is usually a minimum amount paid as a monthly benefit after reductions for 'Other Income Benefits'. MORE
Health / Dentistry / Maximum Monthly Benefit: This is the highest dollar amount an employee with a disability can receive on a monthly basis under the Long Term Disability plan. MORE
Business / Finance / Net Benefit To Leverage Factor: A linear approximation of a number, that enables one to operationalize the total impact of leverage on firm value in the capital market imperfections view of capital structure. MORE
Business / Finance / Obligation: A legal responsibility, such as to repay a debt. MORE
Health / Dentistry / Other Income Benefits: While disabled, an employee may be eligible for benefits from other sources. Benefits payable under the Long Term Disability plan may be reduced by other sources of income such as Social Security and MORE