| 释义 |
Definition of provident fund in English: provident fundnoun (especially in SE Asia) an investment fund contributed to by employees, employers, and (sometimes) the state, out of which a lump sum is provided to each employee on retirement. Example sentencesExamples - The strike action came as a result of management's refusal to make good its promise to pay back workers' money from their provident fund.
- In addition to owing salaries, £324,000 has gone missing from the provident fund.
- The doctors accuse the college management of not paying gratuities, provident funds and other allowances.
- Chief executive Mark Konyn said he expects regional stock markets will rise in the final months of this year, giving mandatory provident funds a boost.
- The workers are also demanding an increase in their provident funds, shift allowance and annual bonuses.
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