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2017 Word of the Year

money-purchase

noun
1.
(modifier) relating to a pension scheme in which both employer and employee make contributions to a fund that is used to buy an annuity on retirement. The amount paid as a pension depends on the size of the fund
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Examples from the Web for money-purchase
Historical Examples
  • The custom of money-purchase to the father of the bride was admitted.

    Men, Women, and Gods Helen H. Gardener

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10
11
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