English
English version

provident fund

From Longman Business Dictionaryprovident fundˈprovident ˌfund [countable]FINANCE a fund into which the employer and the employee both pay money regularly, so that when the employee retires or leaves the company, he or she receives a sum of moneyUnder a provident fund, the full amount of the benefit available at retirement may be taken as a lump sum cash payment. fund
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