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pesion When the pension expense exceeds the amount of funded, what does it mean? I know the meaning of pension expense, but I don't know what "fund" means in this particular situation. I'm not if people need accounting background to explain it, but any help will do. Thanks.
Nov 19, 2016 8:54 PM
Answers · 1
As a noun, fund is an amount of money, probably in a bank account. "We need $1000 but we only have a fund of $500." As a verb, fund means "pay for". "My university is funding my travel." "The expenses are funded by the tax payers."
November 19, 2016
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Chinese (Mandarin), English
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