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A sum of money set aside for a specific purpose is often referred to as a "reserve" or "fund." This allocation can be for various reasons, such as savings for future expenses, investments, or particular projects. By designating money in this way, individuals or organizations can ensure they have the necessary resources when needed. This practice helps in financial planning and achieving specific goals.
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What is another is a sum of money set aside for something?
Another term for a sum of money set aside for a specific purpose is a "reserve fund." This fund is typically allocated for future expenses or emergencies, ensuring that resources are available when needed. It can also be referred to as a "sinking fund" if intended for gradual repayment of debt or replacement of an asset.
What is it called if you set aside a sum of money for a specific purpose?
When you set aside a sum of money for a specific purpose, it is often referred to as a "sinking fund." This financial strategy involves allocating funds over time to ensure that you have enough money available for a future expense or goal, such as saving for a large purchase or paying off debt. It helps in budgeting and managing finances effectively.
What is A sum of money set aside for a specific purpose is a?
A sum of money set aside for a specific purpose is known as a "fund." Funds are typically allocated for designated projects, expenses, or investments, ensuring that resources are available to meet particular goals. Examples include emergency funds, scholarship funds, and retirement funds, each serving a unique financial objective.
What sum of money when multipled by 7 equals 1.12?
To find the sum of money that, when multiplied by 7, equals 1.12, you can set up the equation ( x \times 7 = 1.12 ). Solving for ( x ) gives ( x = \frac{1.12}{7} ), which equals approximately 0.16. Therefore, the sum of money is 0.16.
Compute and print the sum of a set of data values?
Compute & print the sum of a set of data values
What is the sum of money set aside on which interest is paid?
The sum of money set aside on which interest is paid is known as the principal. This amount serves as the initial investment or loan amount that earns interest over time. Interest can be calculated as a percentage of the principal, either as simple interest or compound interest, depending on the terms of the investment or loan agreement.
What is it called if you set aside a sum of money for a specific purpose?
When you set aside a sum of money for a specific purpose, it is often referred to as a "sinking fund." This financial strategy involves allocating funds over time to ensure that you have enough money available for a future expense or goal, such as saving for a large purchase or paying off debt. It helps in budgeting and managing finances effectively.
What is A sum of money set aside for a specific purpose is a?
A sum of money set aside for a specific purpose is known as a "fund." Funds are typically allocated for designated projects, expenses, or investments, ensuring that resources are available to meet particular goals. Examples include emergency funds, scholarship funds, and retirement funds, each serving a unique financial objective.
If someone has 'nest egg' what do they have?
A "nest egg" refers to a sum of money or savings set aside for future use or emergencies. It is typically accumulated over time through saving and investing with the goal of financial security or retirement planning.
What are some disadvantages of an endowment?
An endowment is a sum of money set aside and invested, providing income of which only a part is allowed to be spent. Non-profit organizations that hold large endowments are often criticized for not spending these funds on current needs or services.
Is a sum of money?
55% of a sum of money is Rs 1.1 the sum of money is
debt?
a sum of money that is owed or due.
How do they base the money you receive as a foster parent?
Each state have a set sum based on the child's age.
How can I earn a 20 return?
Find something and someone such that the person is prepared to pay you the required sum of money.
If 30 percent of a sum of money is 750 calculate the sum of money?
Oh, dude, math time! So, if 30% of the sum is 750, we can figure out the whole sum by doing some basic math. We just divide 750 by 0.30 to find out the total sum, which comes out to be 2500. So, the sum of money is 2500 bucks. Math made easy, like a piece of cake... or pie.
How do you get the sum of something?
Sum is the term for the answer to addition. Any time you add something, you get the sum. 1 + 1 = 2 2 is the sum.
What is a bunch of money called?
riches vast sum of money considerable sum of money or gold mine
