Definition

Advance funding

Advance funding refers pension-funding method in which the employer systematically and periodically sets aside funds prior to the employee’s retirement.

Share it:  Cite

More from this Section

  • Documentary Bill
    Documentary Bill is a bill of Exchange drawn payable overseas and accompanied by commercial ...
  • Deferred annuity
    Deferred annuity is a retirement annuity that provides benefits at some future date. ...
  • Cost, insurance, and freight (CIF)
    Cost, insurance, and freight (CIF)— Exporter’s quoted price including the cost of ...
  • Last clear chance rule
    Last clear chance rule is a statutory modification of the contributory negligence law ...
  • Law of large numbers
    Law of large numbers is the concept that seemingly random events will follow predictable ...