Sinking Fund: A fraction of a resort's management fee that is allocated specifically to ensure that the facilities and furnishings are kept in 'like new' condition.

 

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Sinking Fund: A fraction of a resort's management fee that is allocated specifically to ensure that the facilities and furnishings are kept in 'like new' condition.

Purchase Fund: Resembles a sinking fund, except that money is used to purchase bonds only if they are selling below their par value.

Prime Rate Fund: A mutual fund that buys portions of corporate loans from banks and pays the interest to shareholders.

Private Export Funding Corporation (PEFCO): Company that mobilizes private capital for financing the export of big-ticket items by U.S. firms by purchasing at fixed interest rates the medium- to long-term debt obligations of importers . . . View Full Definition

Proprietary Fund: Proprietary mutual funds are offered for sale by the financial institution — such as a bank, investment company, or brokerage firm — that sponsors the funds. Characteristically, the funds' n . . . View Full Definition

Prerefunding: Prerefunding may occur when a corporation plans to redeem a callable bond before its maturity date. If that's the case, the bond is identified as a prerefunded bond. To prerefund, the issuer . . . View Full Definition

Plan Funding: The method that an employer or other payor or purchaser uses to pay medical benefit costs and administrative expenses.

Pension Fund: A fund set up to pay the pension benefits of a company's workers after retirement.

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

Performance Fund: A growth-oriented mutual fund investing in growth stock and performance stock with low dividends and high risk.