Business and Personal Finance Dictionary

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• INTANGIBLE PENSION ASSET
  
  An asset booked to offset the additional minimum pension obligation. This asset is created under the FAS 87 rules to offset the minimum liability for underfunded plans that FAS 87 required firms to recognize as a liability. Little or no justification can be made to support the classification of this debit as an asset; it is conceptually more accurate to consider it as a reduction to equity.
  
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