MLchartDataset catalogue

Current disbursement

Term · Insurance and risk management · MLC-T-INS-001052

A funding method in which premiums and benefits are paid out of current revenue as they come due, with no reserve built up in advance. It is also called pay-as-you-go funding, and a pension plan run this way depends on contributions from current workers to pay current retirees, in contrast with advance funding that accumulates assets beforehand.

Table 1. Record
IdentifierMLC-T-INS-001052
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001052",
  "term": "Current disbursement",
  "field": "Insurance and risk management",
  "definition": "A funding method in which premiums and benefits are paid out of current revenue as they come due, with no reserve built up in advance. It is also called pay-as-you-go funding, and a pension plan run this way depends on contributions from current workers to pay current retirees, in contrast with advance funding that accumulates assets beforehand.",
  "url": "https://mlchart.com/terminology/insurance/current-disbursement/"
}

Record 860 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.