Clearing for the 21st Century Act and Fund: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Added extra line space before See also)
 
imported>Doug Williamson
(Add additional definitions: Source:https://dictionary.cambridge.org/dictionary/english/fund)
 
Line 1: Line 1:
'' US. ''
1.


(Check 21).
A privately owned investment portfolio, established to safeguard and grow the wealth of the investors.


A federal US law that aims to facilitate [[check]] ([[cheque]]) truncation by creating a new negotiable instrument - the [[substitute check]].
For example, a mutual fund or a money market fund.


Under the law, banks can truncate original checks and process check images electronically as well as deliver substitute checks to banks that want to continue receiving paper checks. 


However, the law does not require banks to accept checks in electronic form or to create substitute checks, although it does require banks to accept substitute checks.
2.
 
An organisation established to promote development or other public benefit.
 
For example, the International Monetary Fund.
 
 
3.
 
An organisation established to safeguard the interests of stakeholders in other defaulting organisations.
 
For example, the UK's Pension Protection Fund.
 
 
4. ''(Noun)''
 
A supply or amount of money saved, collected, or provided for a particular purpose.
 
 
5. ''(Verb)''
 
To provide money for a particular purpose.
 




== See also ==
== See also ==
* [[Cheque truncation]]
*[[European Fund and Asset Management Association]]
* [[Substitute check]]
*[[Fund manager]]
*[[Institutional investor]]
*[[International Monetary Fund]]
*[[Money market fund]]
*[[Mutual fund]]
*[[Pension fund]]
*[[Pension Protection Fund]]
*[[Portfolio]]


[[Category:Compliance_and_audit]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]

Revision as of 17:23, 15 January 2020

1.

A privately owned investment portfolio, established to safeguard and grow the wealth of the investors.

For example, a mutual fund or a money market fund.


2.

An organisation established to promote development or other public benefit.

For example, the International Monetary Fund.


3.

An organisation established to safeguard the interests of stakeholders in other defaulting organisations.

For example, the UK's Pension Protection Fund.


4. (Noun)

A supply or amount of money saved, collected, or provided for a particular purpose.


5. (Verb)

To provide money for a particular purpose.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Clearing_for_the_21st_Century_Act&oldid=22381’