Business and Personal Finance Dictionary

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• FUNDED STATUS
  
  A term used to describe either the excess or shortfall of pension assets in relation to pension liabilities. When pension liabilities exceed the assets, the funded status is a shortfall. When a plan liquidation or termination is being analyzed, the funded status is calculated using the accumulated benefit obligation (ABO) as the liability value. When a plan's funded status is calculated to analyze the plan on a going concern basis, the projected benefit obligation (PBO) is used as the liability value.
  
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