- ex gratia pension
- A pension paid by an employer although there is no legal, contractual, or implied commitment to provide it.
Big dictionary of business and management. 2014.
Big dictionary of business and management. 2014.
ex gratia — adjective or adverb Etymology: New Latin Date: 1769 as a favor ; not compelled by legal right < ex gratia pension payments > … New Collegiate Dictionary
ex gratia pensions — A pension paid by an employer although there is no legal, contractual, or implied commitment to provide it … Accounting dictionary
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