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What does risk retention mean?
Risk retention is a form of self-insurance. An organization sets aside a reserve fund to be able to offset unexpected claims.
What was the Reserve Fund?
The Reserve Fund was the first money market mutual fund
When was the Reserve Fund created?
The Reserve Fund was created in 1971
Was the Reserve Fund the first money market mutual fund?
The Reserve Fund was the first money market mutual fund
When was Revenue Equalization Reserve Fund created?
Revenue Equalization Reserve Fund was created in 1956.
When was State General Reserve Fund created?
State General Reserve Fund was created in 1980.
What is the restricted method of accounting for condo reserve fund contributions?
This phrase may mean that reserve fund contributions are being deferred while also being considered as assets. Your financial advisor can help you understand how this phrase is being used for your association's accounting.
What is another word for fund?
Another word for the verb "fund" is "finance." Another word for the noun "fund" is "treasury" or "reserve."
What is difference between fund and reserve?
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What was the first money market mutual fund?
The first money market mutual fund (MMMF) was created in 1971 and called the Reserve Fund
When was the first money market mutual fund?
The first money market mutual fund (MMMF) was created in 1971 and called the Reserve Fund
What is a disadvantage of a reserve fund?
A disadvantage of a reserve fund is that it can lead to inefficient capital allocation, as funds may remain idle instead of being invested in growth opportunities. Additionally, maintaining a reserve fund requires discipline and consistent contributions, which can strain budgets, especially for organizations facing financial challenges. Lastly, if the reserve fund is not managed properly, it may not yield sufficient returns to keep pace with inflation, diminishing its value over time.
