settlement (of employee benefit obligations)

A transaction that eliminates all further legal or constructive obligation for part or all of the benefits provided under a defined benefit plan, other than a payment of benefits to, or on behalf of, employees that is set out in the terms of the plan and included in the actuarial assumptions. > IAS 19.8

Abgeltung (von Leistungsverpflichtungen gegenüber den Arbeitnehmern)