Outrageously Funny Word Dictionary :: Pensionary

👉 Pensionary is a term used in accounting and finance to describe a financial arrangement where an entity pays a certain amount of money to another entity, typically as a benefit or payment for services. This type of arrangement can be either direct or indirect, depending on how the payments are made. Direct Pension: In this scenario, the pensioner receives a fixed amount of money from the employer at the end of each month based on their contribution history and performance. The employer pays the pension as an annual distribution

pensionary