HomeDefinitionsCompareDebt Defined benefit planThe financial definition for Defined benefit plan:A pension plan obliging the sponsor to make specified dollar payments to qualifying employees. The pension obligations are effectively the debt obligation of the plan sponsor. Related: Defined contribution plan Similar MatchesDefined asset fundDefined 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 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 Click to compare definitions of Defined benefit plan Click to view definitions beginning de |