Definition: Accumulated benefit obligation is defined as an obligation which measures the company’s pension plan ability. It also refers that the pension plan is to be abolish on the dot, it does not consider any future salary increases. Explanation: It is an important point to be noticed for the investors to looking over a company’s […]

Definition: Accrued monthly benefit refers to that benefit which will paid to an employee in terms of pension at the time of regular retirement age . Explanation: Mainly, it is based upon the employee’s year of services which he gave to the firm through the accrual date and then it is paid to pension holders […]

Definition: It is defined as a benefit earned by an employee on a pension plan which is based on a year of services with an employer . Explanation: It considers another form of income employee receive , but this income is not paid immediately for example , if a person is on vocation still he […]

Definition of AAI AAI is an advanced professional recognition earned by insurance producers who complete their task and then successfully take a series of three national examinations. Explanation of AAI Basically, it includes that information commitment and knowledge which is helpful for the insurance producers to attract clients, this knowledge is also useful for the […]

Definition: It is a minimum or sufficient balance , demanded by the bank to maintain the bank account/ investment account. Explanation: Basically, this account may be established to assure that a client has necessary/sufficient capital to deal with a trade .On the other hand, a bank may establish a account minimum either to receive fee […]

Definition: An account inquiry means when a person inquire an account whether an account may be a depository or credit. Explanation: The term inquiry concerns any other entries relating to the account as well as payments or the past records. Many of the business have an official departments to deal such type of account inquiry.