📚 noun • entry_id 47722
pension fund
Meanings (ES + gloss)
fondo de pensión • fondo pensionario / pensionista
A pool of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits.
Investors face a quandary. Cash offers a return of virtually zero in many developed countries; government-bond yields may have risen in recent weeks but they are still unattractive…
Phrases
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Word forms