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Whipsaw Glossary

Currently viewing the definition of: Money Purchase
 
 
 A defined contribution pension scheme whereby the investor knows how much they are putting into the fund. The pot of money available at retirement age to purchase a pension is dependant upon investment performance.  
 


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    • Debtor Days
      Debtor days show the length of time it takes customers to settle their accounts. If the credit control function is effective in chasing debt this figure will be in line with companies debtor policy. It should be lower if the company offers early payment discounts.