COLLATERALIZE is to pledge property as security (collateral) for a debt.
ASSET REVERSION is asset recovery by the sponsoring employer through termination of a defined benefit pension fund and/or of assets in excess of amounts required to pay accrued benefits of a pension fund. In the U.S., assets recovered through reversion are subject to corporate income tax and an excise tax.
OPERATING EXPENSES is all selling and general & administrative expenses. Includes depreciation, but not interest expense.
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