deposit administration

noun

: a plan for retaining retirement contributions made by employers in a special fund held by the ensurer to be applied toward the purchase of annuities as employees reach retirement

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Cite this Entry

“Deposit administration.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/deposit%20administration. Accessed 5 Nov. 2024.

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