Buy Out

Buy Out definition

/ˈbʌɪaʊt/

What does Buy Out mean?

The purchase by the trustees of an occupational pension scheme of an insurance policy in the name of a member or other beneficiary. The purchase follows the termination of the member's pensionable service, and is in lieu of entitlement to benefits from the scheme.

Variances

Buyout
Buy-outs

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