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cash balance noun [U]. âº the âamount of âmoney a âcompany has in its âbank âaccount at a particular âtime: The âcompany âreported a âcash âbalance of Â£335m at the end of the second âquarter. See also. target cash balance.
The cash balance plan acts similar to a defined-contribution plan also because changes in the value of the participant's portfolio does not affect the yearly contribution.EFINITION of 'Cash Balance Pension Plan'. A pension plan under which an employer credits a participant's account with a set percentage of his or her yearly compensation plus interest charges.