unfunded accrued liability
Defined in 1 dictionary — U.S. Code
United States Code
29 U.S.C. § 1002 — for purposes of this subchapter
The term “unfunded accrued liability” means the excess of the accrued liability, under an actuarial cost method which so provides, over the present value of the assets of a pension plan. The Secretary of the Treasury may prescribe regulations to carry out this paragraph.