A stock or capital; a sum of money appropriated as the foundation of some commercial or other operation undertaken with a view to profit; that reserve by means of which expenses and credit are supported; as, the fund of a bank, commercial house, manufacturing corporation, etc.
The stock of a national debt; public securities; evidences (stocks or bonds) of money lent to government, for which interest is paid at prescribed intervals; -- called also public funds.
An invested sum, whose income is devoted to a specific object; as, the fund of an ecclesiastical society; a fund for the maintenance of lectures or poor students; also, money systematically collected to meet the expenses of some permanent object.
To provide and appropriate a fund or permanent revenue for the payment of the interest of; to make permanent provision of resources (as by a pledge of revenue from customs) for discharging the interest of or principal of; as, to fund government notes.
To place in a fund, as money.
A pooling of money to be invested.
Money set aside and earmarked for a specific purpose e.g. Pension fund - money set aside to accumulate for retirement. Sinking fund - money set aside for the repayment of a loan.
none Required Field. Used for reporting categories for GASB accounting or grouping that require self-balancing funds. This code will often default but will vary based on different types of Project and Program codes. Examples are unrestricted (E&G); restricted expendable (Annual Gifts); Restricted Non-expendable (endowments); Loans (Perkins, Nursing and University). The default is 00.
Money and investments held in trust, or share of insurance company assets, for payment of pension benefits. Any accumulation of money set aside for a specific purpose. Also, to accumulate money necessary to pay pension benefits or to fulfill an agreement, as in a funded buy-sell agreement. To fund each year's benefit in a pension plan means to pay into the fund each year enough to cover the obligations created by the pension plan for that year.
The pool of money a venture capital firm raises to invest. The money is typically committed by the limited partnersLimited partners typically commit this money for a period of 10 years. Not to worry - Tthe money does not sit in a bank account for ten years. In practice, the money is "drawn down" by the general partners as they need it (think "just-in-time")for investments they are pursuing. Thus, most of the money stays with the limited partners, earning whatever rate of return they can achieve, until it is transferred to the VC for investment within a few weeks.
An accounting entity with a self-balancing set of accounts for recording assets, liabilities, fund balance, and changes in fund balance. Accounts with similar accounting and reporting requirements are classifed into funds.
An accounting entity with a self-balancing set of accounts consisting of assets, liabilities, and fund balance. Separate departments are maintained within each fund to observe limitations and restrictions placed on the use of resources.
Money invested to finance or aid a particular objective.
An accounting entity ( a 6ï¿½digit GL account) with a selfï¿½balancing set of 10ï¿½digit accounts for recording assets, liabilities, a fund balance and change in the balance.
An independent fiscal and accounting entity. A fund has a self-balancing set of accounts recording cash and other resources together with all related liabilities, obligations, reserves, and equities. These accounts are segregated to carry on specific activities or attain certain objectives in accordance with special regulations, restrictions or limitations. (See Account).
A fund is a fiscal and accounting entity with a self-balancing set of accounts.
to provide money for a specific purpose; an amount of money saved for a specific purpose.
A sum of money entrusted to a financial services provider for investment and management.
For state purposes, a fund is referred to as an account. Refer to ACCOUNT.
A fiscal and accounting entity with a self-balancing set of accounts in which cash and other financial resources, all related liabilities and residual equities, or balances, and changes therein, are recorded and segregated to carry on specific activities or attain certain objectives in accordance with special regulations, restrictions or limitation.
see managed investment.
A four- to six-digit number denoting the first part of the FOAPAL. The fund usually indicates how the money must be managed and/or spent. For instance, money "left over" in the General Fund may not be carried over into the next fiscal year, and money in the Federal College Work Study fund (a restricted fund) may be spent only for that program.
A complete accounting entity reflecting financial transactions, both receipts and expenditures, of money for a specific purpose. The fund concept also applies to budget activities.
a reserve of money set aside for some purpose
a financial institution that sells shares to individuals and invests in securities issued by other companies
invest money in government securities
furnish money for; "The government funds basic research in many areas"
a collection of money or other resources to support an activity
a fiscal and accounting entity established to segregate and to account for designated resources and activities
a general term for any investment that pools together money of many small individual investors and invests it on behalf of the investors
a large sum of money which is divided on both sides into many small amounts
a modern form of saving money, which can bring a bigger yield than a term deposit
a money pool, usually made up of the amounts invested by a large number of investors
an independent accounting entity with a self-balancing set of accounts, created for the purpose of carrying on a specific activity
an independent fiscal, accounting, and often legal entity to which all resources and related liabilities, obligations, reserves, and equities are assigned
an unregulated collective investment scheme, the promotion of which is restricted by law in many other jurisdictions
a pool of money that the VC firm will invest
a security in which traders may invest and is subject to price shifts in the same way as other securities
a separate group of self-balancing accounts in which all cash, revenues, expenditures and residual balances are recorded and segregated for a specific purpose or objective
a similar entity (described and regulated by the same Law)
a sum of money segregated for the purpose of carrying on specific activities or attaining certain objectives
A cash account which receives monies from designated sources such as the following: General Revenue Fund (state revenues mainly sales tax), Educational Enhancement Fund (lottery receipts) and Trust Funds (receipts from designated sources such as student fees, federal sources, etc). With regards to the Auxiliary Trust Funds, these are self supporting trust funds which generate revenues by providing goods and services versus being allocated a lump sum appropriation as is the case for Education & General.
monies set aside and accounted for separately in order to ensure that the monies are spent for a specific purpose.
An independent fiscal and accounting entity used to record all financial transactions related to the specific purpose for which the fund was created.
Identifies the source of monies and will correspond to our present funds such as E&G, C&G, Auxiliary, etc. (Example: 110 E&G-General Revenue; 310 Aux.-Working Capital; 520 C&G-Federal)
A Fund is a pooled collection of money that may be invested in several other companies.
A separate fiscal and accounting entity used to control and account for the receipt of specified types of revenues, and for the use or expenditure of those revenues.
The pool of capital established for the purposes of private equity activity. Often a Management Company will be responsible for several funds that may vary according to mandate or investment period.
An entity established for the purpose of accounting for resources used for specific activities or objectives in accordance with special regulations, restrictions or limitations. Community foundation assets are held in many named component funds established by donors or the foundation for specific or unrestricted purposes.
a self-balancing accounting entity established to show monies received for specific purposes, the income earned thereon, expenditures for the purposes designated and the assets held against the capital of the fund and its liabilities. Examples are: Consolidated Revenue Fund, the primary accounting entity of the Province comprised of the main and special accounts combined with special funds. 1.2.1 Special Fund, a group of assets reserved for a specific purpose. Special funds have all the characteristics of a complete accounting entity. 1.2.4 Trust Fund, funds held and administered in trust for others over which the government has no power of appropriation. Part III - 3.3d
A separate accounting entity, maintained for a particular purpose, for which transactions are subject to legal or administrative restrictions. This term is distinguished from "funding" or "funds," which usually refer to the amount of dollars contained in a fund. All funds are managed by the Division of Finance in the Department of Administration.
is a segregation of resources . It accounts for money the General Assembly has set aside for a specific purpose. Funds can be treasury held or locally held. They can also be shared or non-shared.
A fund is a form of collective investment where a group of investors pool their money together which is then invested in a wide spread of stocks and shares and fixed interest securities. In return, investors receive units in the fund and the fund is managed by a fund manager who aims to achieve maximum returns based on the investment objectives and policy of the fund.
In Banner, the 5-digit number that specifies the source of the money. Similar to the FRS GL
A pool of assets, held by a number of investors, which are invested with a common investment objective and share a common set of fees and conditions.
An investment option within the variable annuity. The objectives of each sub account have unique long-term goals and investment strategies. These differences can affect the return and the degree of market and financial risk of each fund.
A fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources together with all related liabilities and residual balances and changes. Funds are segregated for the purpose of attaining certain objectives in accordance with special regulations, restrictions or limitations, e.g., fund for State Appropriations, UW Medical Center, etc.
A sum of money saved, collected or provided for a particular purpose.
Funds are allocated money by the Library which fund managers can use to purchase items or services for their collections. For an explanation of fund codes at the UIUC Library, click here.
Account number assigned to a group and bank account.
a fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources, together with all related liabilities and residual equities or balances, and changes therein, which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations.
When your mortgage lender wires money to your title company for disbursement of all payments to all parties.
A fund is a collective investment scheme where money is pooled, which is invested in a portfolio of securities with a common investment purpose.
A unit within the accounting system for collection of revenue and expenditure information from specific sources.
Amount of money in hand or on deposit and allocated for specific economic activities such as debt repayment, agricultural development, development aid, etc.
A pool of capital raised by a venture capital firm for investment in startups in a certain business sectors.
In regard to governmental units, a fund is a set of accounts recording cash and other financial resources, which are separated by legal or other limitations, to carryon specific activities or attain certain objectives.
A collective investment which brings togetherÂ investorsâ€(tm) money to buy a portfolio ofÂ shares,Â bonds, propertyÂ or other financial instruments to achieve its investment objective. Funds aim to diminish the risk inherent in stockmarket investment by diversifying assets and sharing the cost of professional fund management.Â See alsoÂ Unit trust,Â Investment trust/investment company,Â OEIC andÂ Sub-fund.
An accounting entity which carries limitations and restrictions on the use of the associated resources and identifies the source of monies (e.g., state, local, federal).
a type of investment in which investors pool their money together for a lower risk venture.
A separate accounting unit comprised of its own specific revenues and expenditures, and assets and liabilities. Each fund in the County's accounting structure is established to segregate a particular set of fiscal activities. Separate funds, established by the County, include the General Fund, which is the general operating fund of the County and is used to account for general government revenues and expenditures; the School Operating Fund, which details revenues and expenditures for the County's public school system; and the Utilities Fund, which details the fiscal activities of the County's water, sewer, and wastewater treatment plant. Other funds are established to isolate capital expenditures as well as inter-governmental service organizations, which sell their services (as would private enterprise) to other County agencies.
general term for any investment vehicle which pools together the money of many small individual investors and invests it in certain markets and securities according to a defined set of investment aims and objectives. Covers such investments as unit trusts, investment trusts and pension plans.
An independent budget and accounting entity with a self-balancing set of accounts representing all related resources, obligations and reserves.
In governmental accounting a fund may be described as representing a distinct phase of the activities of government and is controlled by a self-balancing group of accounts in which all of the financial transactions of the particular phase are recorded. NOTE: A fund is both a sum of resources and an independent accounting entity. A self- balancing group of accounts must be provided for each fund to show the assets and other resources, on one hand, and obligations, surplus, and other credits, on the other. Accounts must also be set up to permit the identification of revenues and expenditures and receipts and disbursements with the fund to which they apply. Although the General Fund is available for all legally authorized purposes, the definition also applies to it, for the fund can be used for governmental purposes only and expenditures cannot be made from it without legal authorization.
A vehicle for enabling pooled investment by a number of investors in equity and equity-related securities of companies (investee companies). These are generally private companies whose shares are not quoted on any stock exchange. The fund can take the form either of a company or of an unincorporated arrangement such as a limited partnership.
in the Annuity Fund, one of the investment options available to members, including the Stable Value Fond, Bond Fund, Balanced Fund, Equity Fund, and Fixed Benefit Fund.
An amount of money set apart for specific purposes.
An income source established for the purpose of carrying on specific activities, or attaining certain objectives, in accordance with special regulations, restrictions or limitations. The terms and conditions established by this income source must be complied with in making expenditures against the particular account.
An independent fiscal and accounting entity with a self-balancing set of accounts recording cash and/or other resources together with all related liabilities, obligations, reserves, and equities which are segregated for the purpose of carrying on specific activities or attaining certain objectives.
a pool of money that is invested with a fund manager who then manages that money using a range of investment criteria
The investment vehicle, often a limited partnership, to which the investors commit capital. Fund Capitalisation The total amount of capital committed to a fund by investors.
A general name for a collective investment scheme that is divided into units or shares. Common types of funds in the UK are Investment Trusts, Unit Trusts and OEICS. Funds each have a fund manager who is employed by the fund to invest the money deposited in the fund on behalf of investors. In essence funds are a way for an individual to invest in a variety of assets, without having to select, buy or sell them individually.
The federal trust fund established by the Highway Revenue Act of 1956; this fund has two accounts -- the Highway Account and the Mass Transit Account. Trust fund revenues are derived from federal highway- user taxes and fees such as motor fuel taxes; trust fund uses and expenditures are determined by law. (APTA)
A pool of money normally set apart for a purpose, for example, a pension fund to provide pensions.
A term used to describe a collective investment scheme, which is where investors’ monies are pooled together and managed as a single entity with a common investment aim.
An entity consisting of assets, liabilities and fund balance in which the assets and income must be invested or spent according to a designated purpose.
Usually single asset class over which several investors have pooled ownership.