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Collected funds in banking are funds collected by the depository bank. These may be checks or drafts paid by the drawee bank.
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∙ 9y ago
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What is the definition of Appropriation of funds?
je parle pas anglais
What is the definition of mutual fund?
Mutual funds are pooled of investment vehicles in which investor indirectly invest into the diversified portfolio of assets.
What is the first definition of finance?
is just finding sources and uses of funds, as well as managing risk
What mutual funds?
Mutual fund investment is actually made up of pool of funds collected from various other investors to invest stocks, money market instruments and similar assets. Mutual funds are controlled by fund managers, who invest the fund's money and attempt to produce capital profits for fund investors.
Why do banks put holds on checks?
Banks put holds on checks to allow time to collect the funds from the drawer bank. When a check is not held, the bank is taking the risk of giving the funds to the payee before they have actually collected money on the check from the maker.
Medicare funds are collected by what?
social security adminisration
What are the funds collected by the Illinois lottery used for?
The funds collected by The Illinois Lottery are used for the LotteryÍ—‘_Í_‘‰s operating costs like paying its employees, paying the printing of lottery tickets, contributing to the State Education Funds and funding of State Capital Funds to name a few.
What is the definition of unperturbed?
Undisturbed, calm and collected
What is the definition of variable annuity funds?
A variable annuity of funds allows for you to invest funds with an insurance company. When you invest your funds, you are able to pick which investments you would like your funds to go into.
Can a cheque favouring guardian's name be credited in minor's account?
no it cannot be collected as this would result in diversion of funds,only cheques in the name of minor can be collected
Which term describes money collected and invested for the benefit of worker retirement plans?
pension funds
Medicare funds are collected by?
social security adminisration
need a tax table on retirement funds collected in 2012?
need tax table on income
What is the definition of Appropriation of funds?
je parle pas anglais
What is the definition data?
Information obtained from experiments. (information collected from an experiment)
How long does a Certified check take to clear?
No time... Same as cash. The funds are collected by the bank when it is issued.
What are pension funds?
A pension fund is payable as soon as you get a job, it allows you to pay in a fixed amount of money to your bank, which can be collected at retirement. There are three different types of pension funds.
