definition
strict definition
pension fund
An investment fund established to provide retirement income for the people investing in it.
A pension fund is an investment fund created and designed to provide retirement income to its investors.
The intended retirement income distinguishes the fund from a general investment fund. Merely holding real estate does not make a fund a pension fund.
The fund can have an investment relationship with a property. That investment does not by itself make the fund responsible for the property's daily management or tenant services.
Related definitions
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asset manager
An organization holding title to a building on behalf of several owners, commonly through a real estate fund. -
financial association
An organization to promote common causes among various enrolled financial service providers. -
financial consultant
A company that advises firms or individuals on financial transactions and financial management. -
financing
A company which supplies the loan or mortgage for a structure's development and construction. -
investment advisor
A financial specialist advising a prospective purchaser before and during a property acquisition. -
investor
A person or company providing capital for a structure's development in the hope of a financial return. -
leasing company
A company involved in leasing property for use by parties that do not acquire its ownership. -
mortgage bank
A nondepository lender specializing in mortgage loans made directly to its customers. -
valuation/rating
A firm that assesses the market value or another defined type of value of buildings or properties.