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Defined asset fund |
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Defined asset fundA unit investment trust consisting of a fixed portfolio of securities, including blue chips, REITs, or high-yielding stocks on a major exchange such as the NYSE or FTSE.Defined asset fund Similar MatchesDefined contribution planDefined contribution planA pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan Simplified defined contribution schemeSimplified defined contribution schemeSee: 'defined contribution pension plan' Defined benefit pension planDefined benefit pension planA pension plan in which an employee's pension benefit is related to number of years service and final salary with each employer. Defined contribution pension planDefined contribution pension planA pension plan in which benefits are dependent on contributions to and the growth of the pension fund. Money purchase scheme (defined contributions scheme)Money purchase scheme (defined contributions scheme)A pension scheme in which the benefits will be dependent on contributions to, and growth of, the fund and the fund manager's costs. Further Suggestionsfinal salary scheme (defined benefit scheme)Defined benefit plan |
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