Income Replacement Ratio,
Income Replacement Ratio Meanings:
A simple definition of Income Replacement Ratio is: The rate of change of income is the percentage of income earned which a person should receive during retirement in order to maintain a stable standard of living. This ratio is usually 60 to 90%.
The income conversion rate is used by pension schemes and other institutions that manage pensions.
Literal Meanings of Income Replacement Ratio
Meanings of Income:
Money received regularly for work or investment.
Sentences of Income
Have a good house and a decent income.
Synonyms of Income
remuneration, wages, pay, salary, stipend, earnings, emolument
Synonyms of Replacement
Meanings of Ratio:
A quantitative relationship between two quantities that indicates how many times one value is included or whether another quantity is included.
Sentences of Ratio
The male to female employment ratio is 8 to 1
Synonyms of Ratio
relationship, balance, comparative number, comparative extent, proportion, quantitative relation, correspondence, correlation