Projected benefit obligation (PBO)

Definition:

A measure of a pension plan's liability at the calculation date assuming that the plan is ongoing and will not terminate in the foreseeable future. Related: Accumulated benefit obligation.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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An attempt to acquire a large portion of a company's stock to gain control by offering stockholders a premium over the market value for their shares.

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