transition asset

transition asset
An off-balance sheet asset created under FAS 87 rules when pension plan assets exceed the projected benefit obligation ( PBO) at the date that FAS 87 rules are implemented. The amount of the off-balance sheet asset is the amount of the excess. This asset is amortized - usually over the projected remaining service lives for employees expected to receive benefits. The amortization reduces the reported benefit expense of the sponsoring firm. The unamortized remaining balance of the transition asset is disclosed in a footnote to the financial statements as unrecognized initial net gain. American Banker Glossary

Financial and business terms. 2012.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Transition Management — [NVDMTRANSM] is the process of managing change in an investor’s investments. Transition Management is also sometimes referred to as Implementation or Change Management. Transition Management typically relates to large institutional investors (or… …   Wikipedia

  • Asset stripping — involves selling the assets of a business individually at a profit. The term is generally used in a pejorative sense as such activity is not considered productive to the economy. Asset stripping is considered to be a problem in economies such as… …   Wikipedia

  • Asset-backed security — In finance, an asset backed security is a type of debt security that is based on pools of assets, or collateralized by the cash flows from a specified pool of underlying assets. Assets are pooled to make otherwise minor and uneconomical… …   Wikipedia

  • Down Transition Probability — The probability that an asset s value will decline in one period’s time within the context of an option pricing model. The option pricing models using a down transition probability are both the binomial and trinomial option pricing models.… …   Investment dictionary

  • ITIL V3 Service Transition — Dieser Artikel beschäftigt sich mit Service Transition, der dritten von fünf Publikationen der IT Infrastructure Library (ITIL) in der Version 3. Inhaltsverzeichnis 1 Transition Planning and Support 2 Change Management 3 Service Asset and… …   Deutsch Wikipedia

  • unrecognized initial net gain — The current unamortized balance, as of the financial statement date, of the off balance sheet asset for the initial transition asset in a defined benefit pension plan. FAS 87 requires that this amount be disclosed in a footnote to the financial… …   Financial and business terms

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

  • Information Technology Infrastructure Library — The Information Technology Infrastructure Library (I), is a set of good practices for IT service management (ITSM) that focuses on aligning IT services with the needs of business. In its current form (known as ITILv3 and ITIL 2011 edition), ITIL… …   Wikipedia

  • china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material …   Universalium

  • China — /chuy neuh/, n. 1. People s Republic of, a country in E Asia. 1,221,591,778; 3,691,502 sq. mi. (9,560,990 sq. km). Cap.: Beijing. 2. Republic of. Also called Nationalist China. a republic consisting mainly of the island of Taiwan off the SE coast …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”