Money purchase plan — A defined benefit contribution plan in which the participant contributes some part and the firm contributes at the same or a different rate. Also called and individual account plan. The New York Times Financial Glossary … Financial and business terms
money purchase plan — A defined benefit contribution plan in which the participant contributes some part and the firm contributes at the same or a different rate. Also called an individual account plan. Bloomberg Financial Dictionary … Financial and business terms
money purchase pension plan — USA money purchase plan, Also known as a money purchase pension plan. A defined contribution plan that provides for an individual account for each participant and for fixed employer contributions. Benefits under a money purchase plan are… … Law dictionary
Money-Purchase Pension Plan — A pension plan to which employers and employees make contributions based on a percentage of annual earnings, in accordance with the terms of the plan. Upon retirement, the total pool of capital in the member s account can be used to purchase a… … Investment dictionary
money purchase scheme — UK US noun [countable] [singular money purchase scheme plural money purchase schemes] business a pension plan in which a person’s payments are used to invest in an annuity . The amount of pension that the person receives depends on the total… … Useful english dictionary
Money-Purchase Provisions — The terms of a registered pension plan that detail the specific amounts that an employer and employee contribute to the plan. The amounts may be stated in dollars or percentages. The provisions of the pension plan states the maximum amount of the … Investment dictionary
money purchase scheme — UK / US noun [countable] Word forms money purchase scheme : singular money purchase scheme plural money purchase schemes business a pension plan in which a person s payments are used to invest in an annuity. The amount of pension that the person… … English dictionary
money-purchase — ˈ ̷ ̷ ̷ ̷ˌ ̷ ̷ ̷ ̷ adjective : of, relating to, or being a plan for retirement income in which contributions are at a fixed rate and benefits are determined by what the money thus set aside will buy … Useful english dictionary
My Home Purchase Plan — is one of the public housing initiatives of Hong Kong. This plan enables eligible citizens to purchase homes by way of rent and buy . The Plan aims to provide assistance to potential sandwich class home buyers who are able to repay mortgages in… … Wikipedia
money — In usual and ordinary acceptation it means coins and paper currency used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate. Lane v. Railey, 280 Ky. 319, 133 S.W.2d 74, 79, 81 … Black's law dictionary
