deferred profit-sharing plan
Definition
Type of deferred compensation plan in which an employee's shares are held in a trust with other accrued benefits until his or her retirement, in order to qualify for lower rate of income tax. Also called deferred distribution profit sharing plan.
Popular 'Accounting & Auditing' Terms
deferred profit-sharing plan in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/deferred-profit-sharing-plan.html
