0
What else can I help you with?
How can I set up a closed end fund?
To set up a closed-end-fund, it is best to contact an investment broker and they can explain to you the types of accounts available and determines what’s best for you. There are 2 main types of accounts: cash accounts and margin accounts. Look in the phone book for a broker or such service is usually offers at your local bank.
What is another is a sum of money set aside for something?
Another term for a sum of money set aside for a specific purpose is a "reserve fund." This fund is typically allocated for future expenses or emergencies, ensuring that resources are available when needed. It can also be referred to as a "sinking fund" if intended for gradual repayment of debt or replacement of an asset.
What is the definition of gross premium reserve?
Money set aside to fund future benefit payouts
What is renewal fund deposit?
A renewal fund deposit is a financial reserve set aside by an organization or company to cover future expenses related to the maintenance, replacement, or upgrading of assets, such as equipment or facilities. This fund ensures that sufficient resources are available when needed, promoting financial stability and effective asset management. By regularly contributing to this fund, organizations can better plan for long-term sustainability and reduce the impact of unexpected costs.
How does a fund accounting structure control government's expenses?
each type of financial activity is segregated into a separate set of self-balancing asset, liability, and net asset accounts
In a Sinking Fund cash or cash assets are set aside for the purpose of...?
In a sinking fund, cash or cash assets are set aside to ensure that a company can meet its future debt obligations or to replace depreciating assets. This practice helps in accumulating funds over time, allowing for the gradual repayment of debt or funding of capital expenditures. It enhances financial stability and reduces the risk of default by ensuring that necessary funds are available when needed.
What is provision fund?
A provision fund is a financial reserve set aside by an organization to cover anticipated future liabilities or expenses. It is commonly used in accounting to ensure that sufficient funds are available to meet obligations such as bad debts, warranties, or legal claims. By creating a provision fund, companies can better manage risks and ensure financial stability. This practice also helps in accurately reflecting the financial position of the organization in its financial statements.
What purpose are cash assets set aside for in a sinking fund?
Cash assets set aside in a sinking fund are used to accumulate resources for the future repayment of debt, such as bonds or loans. This fund helps ensure that a company or organization can meet its financial obligations when they come due, reducing the risk of default. By regularly contributing to the sinking fund, the entity can manage its cash flow more effectively and maintain financial stability.
How can I set up a 529 plan for my nephew's education fund?
To set up a 529 plan for your nephew's education fund, you can research different 529 plans offered by various financial institutions, choose a plan that suits your needs, open an account, and contribute funds regularly to help save for his future education expenses.
How can you set up a child trust fund uk?
Every child born on or after 1 September 2002 was eligible for the CTF, as long as they live in the United Kingdom and a child benefit has been awarded to them by the government. Currently no new accounts can be created but existing accounts can receive new funds.
What is it called if you set aside a sum of money for a specific purpose?
When you set aside a sum of money for a specific purpose, it is often referred to as a "sinking fund." This financial strategy involves allocating funds over time to ensure that you have enough money available for a future expense or goal, such as saving for a large purchase or paying off debt. It helps in budgeting and managing finances effectively.
What is the future and past tense of the word set?
Future tense - will set. Past tense - set.
