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词汇 money purchase
释义

Definition of money purchase in English:

money purchase

noun

  • Attributive designating or relating to a pension scheme in which the value of the pension received depends on the value of the contributions made and the returns made on their investment, rather than on the person's final salary and length of service.

Origin

1950s; earliest use found in Journal of Educational Sociology.

Definition of money purchase in US English:

money purchase

noun

  • Attributive designating or relating to a pension scheme in which the value of the pension received depends on the value of the contributions made and the returns made on their investment, rather than on the person's final salary and length of service.

Origin

1950s; earliest use found in Journal of Educational Sociology.
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