Home > Terms > English, UK (UE) > Assets held by a long-term employee benefit fund
Assets held by a long-term employee benefit fund
Assets (other than non-transferable financial instruments issued by the reporting entity) that: (a) are held by an entity (a fund) that is legally separate from the reporting entity and exists solely to pay or fund employee benefits; and (b) are available to be used only to pay or fund employee benefits, are not available to the reporting entity’s own creditors (even in bankruptcy), and cannot be returned to the reporting entity, unless either: (i) the remaining assets of the fund are sufficient to meet all the related employee benefit obligations of the plan or the reporting entity; or (ii) the assets are returned to the reporting entity to reimburse it for employee benefits already paid.
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Accountancy
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
- assets held by a long-term employee benefit fund
- actifs détenus par un fonds à long terme des avantages employé
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- activos mantenidos por un fondo de beneficio a largo plazo del empleado
- attività detenute da un fondo di benefit per i dipendenti a lungo termine
- 长期的雇员福利基金所持有的资产
- 資産の長期従業員給付基金が保有する
- aset yang diselenggarakan oleh karyawan jangka panjang manfaat dana
- activos detidos por um fundo de benefícios a longo prazo dos empregados
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- активи, държани от фонд за дългосрочни доходи на заети лица
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