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Meaning / Definition of
Pension Fund
Categories: Business and Management, Retirement and Pension,
A fund set up to collect money on a regular basis from employers and employees, which pays the employees pension when they retire from work.
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Definition / Meaning of
Home Equity
Categories: Credit and Debt, Real Estate, Legal, ,
The current market value of a house minus how much is owed on it. A home equity loan borrows against this amount.
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