Explore topic-wise fullforms in Current Affairs

INFO: Full form for FD is Federated Department Stores, Incorporated, of Delaware in Business category
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INFO: Full form for OPO is Online Public Offering in Business category
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INFO: Full form for OPO is Owen, Patterson, & Owen in Business category
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INFO: Full form for OPO is Office Products Outlet in Business category
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INFO: Full form for QI is Quality Inspection in Business category
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INFO: Full form for ECL is Equity Credid Line in Business category
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INFO: Full form for ECL is E Commerce Logistics in Business category
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INFO: Full form for ECL is Earning Customer Loyalty in Business category
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Ecolab Inc., headquartered in St. Paul, Minnesota, is an American corporation that develops and offers services, technology and systems that specialize in water treatment, purification, cleaning and hygiene in a wide variety of applications. It helps organizations both private market as well as public treat their water, not only for drinking directly, but also for use in food, healthcare, hospitality related safety and industry. It was founded as Economics Laboratory in 1923 by Merritt J. Osborn, and renamed "Ecolab" in 1986.

INFO: Full form for ECL is Electrical Contacts Ltd in Business category
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INFO: Full form for ECL is Engineering Corporation of Louisiana in Business category
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INFO: Full form for CEP is Capital Expenditure Proposal in Business category
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INFO: Full form for CEP is Certified Estate Planner in Business category
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INFO: Full form for CEP is Client Employed Provider in Business category
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INFO: Full form for CEP is Cat Eye Productions in Business category
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INFO: Full form for CEP is Continuing Education Program in Business category
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INFO: Full form for PPF is Production Possibility Frontier in Business category
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INFO: Full form for PPF is Patty Pollatos Fund in Business category
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INFO: Full form for PPF is Pensions Fund in Business category
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INFO: Full form for PPF is Propel Multi-Strategy Fund in Business category
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The Pension Protection Fund (PPF) is a statutory fund in the United Kingdom, intended to protect members if their defined benefits pension fund becomes insolvent. It was created under the Pensions Act 2004. The Board of the PPF is a statutory corporation responsible for managing the Fund and for making payments to members.

The PPF started on 6 April 2005 in response to public concern that when employers sponsoring defined benefit pension schemes became insolvent, scheme members could lose some or all of their pension if the scheme was underfunded.

Besides offering compensation to those pension scheme members affected by insolvencies the Government hoped that the existence of the PPF would improve confidence in pension schemes generally.

As the only defined benefit pension scheme permitted to increase pensions each year below the statutory minimum, the PPF generally pays lower benefits over a person's lifetime than the member would have received had their scheme remained solvent. However, without the PPF, these same members might have received little or no pension from their insolvent pension scheme.

The Board of the PPF has also taken over responsibility for managing the Fraud Compensation Fund, which will provide compensation to members of pension schemes who lose their entitlements due to Fraud. The PPF is chaired by Arnold Wagner OBE and the previous chair between April 2010 – June 2016 was Barbara, Lady Judge,. The chief executive since March 2018 is Oliver Morley.

INFO: Full form for PPF is John Hancock Patriot Preferred Development Fund in Business category
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