Definition of "decumulation" [decumulation]

• The process of decumulating; (noun)

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• "'decumulation' -- the generation of a predictable stream of income for an unknown (but hopefully long!) time horizon."
• "As InvestmentNews first noted in March, the association has been developing the course in response to demand from member advisers who said they needed more tools and support in helping clients handle the post-retirement "decumulation" phase, according to Stephen Mitchell, acting chief operating officer of RIIA."
• ""Participants agreed that the growth in real GDP appeared to reflect a strengthening of private final demand and not just fiscal stimulus and a slower pace of inventory decumulation; this welcome development lessened policymakers 'concerns about the economy's ability to maintain a self-sustaining recovery without government support," according to the minutes."