Accumulated Benefit Obligation (ABO)

Business / Finance / Accumulated Benefit Obligation (ABO): An approximate measure of the liability of a pension plan in the event of a termination at the date the calculation is performed. Related: Projected benefit obligation.

Other Words for Benefit

Benefit Noun Synonyms: advantage, profit, good, sake, gain, aid, help, service
Benefit Verb Synonyms: improve, aid, help, better, promote, further, advance, forward
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Other Words for Obligation

Obligation Noun Synonyms: responsibility, duty, charge, burden, onus, accountability, liability, trust, demand, requirement, compulsion, devoir
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Maximum Benefit Period (Benefit Duration)

Health / Dentistry / Maximum Benefit Period (Benefit Duration): This is the maximum length of time for which benefits are payable under the plan as long as the employee remains continuously disabled. MORE

Living Benefits

Business / Finance / Living Benefits: Life insurance benefits from which the insured can draw cash while still living, usually in the case of some high-cost illness. MORE

Limited-Tax General Obligation Bond

Business / Finance / Limited-Tax General Obligation Bond: A general obligation bond of a government backed by specified or constrained revenue sources. MORE

Maximum Monthly Benefit

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

Minimum Monthly Benefit

Health / Dentistry / Minimum Monthly Benefit: There is usually a minimum amount paid as a monthly benefit after reductions for 'Other Income Benefits'. MORE

Obligation

Business / Finance / Obligation: A legal responsibility, such as to repay a debt. MORE

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