Projected Benefit Obligation (PBO)

Business / Finance / Projected Benefit Obligation (PBO): A measure of a pension plan's liability at the calculation date assuming that the plan is ongoing and will not terminate in the foreseeable future. Related: Accumulated 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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Moral Obligation Bond

Business / Finance / Moral Obligation Bond: A tax-exempt bond issued by a municipality or a state financial intermediary that is backed by the moral, but not legal, obligation of a state government to appropriate funds in case of default. 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

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

Net Benefit To Leverage Factor

Business / Finance / Net Benefit To Leverage Factor: A linear approximation of a number, that enables one to operationalize the total impact of leverage on firm value in the capital market imperfections view of capital structure. MORE

Obligation

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

Other Income Benefits

Health / Dentistry / Other Income Benefits: While disabled, an employee may be eligible for benefits from other sources. Benefits payable under the Long Term Disability plan may be reduced by other sources of income such as Social Security and MORE

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