Reserve Funds: An expense category in the operating budget. Monies that are set aside for replacement expenditures not covered by insurance such as roof or furnace repairs.

 

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Reserve Funds: An expense category in the operating budget. Monies that are set aside for replacement expenditures not covered by insurance such as roof or furnace repairs.

Pension Funds: Pension funds usually have large amounts of money available for investment. Because of the comparatively high yields and low risks offered by mortgages, pension funds have begun to participa . . . View Full Definition

Official Reserves: Holdings of gold and foreign currencies by official monetary institutions.

Proven Reserves: Deposits of fossil fuels whose location and extent are known, as opposed to potential but unproved ('discovered') deposits.

Objective (Mutual Funds): The fund's investment strategy category as stated in the prospectus. There are more than 20 standardized categories. E.g. Aggressive growth, balanced.

Required Reserves: The dollar amounts, based on reserve ratios, that banks are required to keep on deposit at a Federal Reserve Bank.

Reserve Accounts: Reserve accounts are usually set up to make a balance sheet clearer by reserving or apportioning some of a business's capital against future purchases or liabilities (such as the replacement . . . View Full Definition

Reserve: Your backup or bench players.

Not-Sufficient-Funds Check: A bank check having insufficient funds to back it.

Refunds: Greenville Technical College will refund a portion of tuition paid by students who withdraw from courses by specified dates. The schedule of dates, the percentage of tuition eligible to be r . . . View Full Definition