Pooling: Difference between revisions
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imported>Doug Williamson m (Spacing 21/8/13) |
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1. A procedure in which excess funds in the bank accounts of a company or its subsidiaries are used to offset deficits in other company accounts for the purpose of determining interest earned or owed. | 1. | ||
A procedure in which excess funds in the bank accounts of a company or its subsidiaries are used to offset deficits in other company accounts for the purpose of determining interest earned or owed. | |||
2. | |||
The core principle of fund management, where individual investors with the same investment objective bring their moneys together in a single investment vehicle portfolio. | |||
In exchange for the moneys brought in, the investor receives a proportional share in the mutual fund’s underlying assets. | |||
== See also == | == See also == | ||
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* [[Single legal account pooling]] | * [[Single legal account pooling]] | ||
* [[Sweep account]] | * [[Sweep account]] | ||
Revision as of 13:17, 21 August 2013
1.
A procedure in which excess funds in the bank accounts of a company or its subsidiaries are used to offset deficits in other company accounts for the purpose of determining interest earned or owed.
2.
The core principle of fund management, where individual investors with the same investment objective bring their moneys together in a single investment vehicle portfolio.
In exchange for the moneys brought in, the investor receives a proportional share in the mutual fund’s underlying assets.
