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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Defined Contribution Plans

Definition:

Retirement plans that are primarily funded through employee salary deferrals. The employee (also called the "participant") is offered a choice of investments, mostly in the form of mutual funds. The participant is responsible for the performance of the account - the employer bears no responsibility for a participant's investment choices.

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