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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.
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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 is the term used for a specific sum of money paid out at specific time Intervals?
What is the term used for a specific sum of money paid out at specific time Intervals ?Options : (A) Tax(B) Fee(C) Charity(D) Installment
What is Mayan money called?
They didn't have a money system, they bartered.
What is non pecuniary relief?
Non-pecuniary relief is also called equitable relief. It is the type of relief given where money damages cannot adequately redress the damages suffered. In contract and tort actions, money damages, or pecuniary relief, is usually sufficient to adequately compensate the injured party. But there are instances where money damages are not adequate. Some examples are : injunctions to prohibit injurious behavior before it happens as in labor disputes; partitions of real estate when co-owners cannot get along; setting aside of wills: forcing specific performance of certain kinds of contracts; the modern actions in lieu of prerogative writs.
What is chinese money called?
Yuan is the currency of China. Money in Chinese is 钱
What money set aside by Congress for a specific purpose?
its an appropriation
What is Money set aside by congress for a specific purpose?
i think its appropriation bill
Ths amount of the mutual insurer's owners equity that has not been set aside for any specific purpose or money reserves?
Surplus Reinsurance
What is a grant of money of a federal government for a specific purpose called?
categorical grant
What is a grant of money from a federal government for a specific purpose called?
categorical grant
What is a grant money of the federal government for a specific purpose called?
categorical grant
What is a grant money from the federal government for a specific purpose called?
categorical grant
What is a grant of money from the federal government for a specific purpose called?
categorical grant
Is money set aside by formal action for a specific use?
Appropriation
What is an amount of money for a specific purpose?
Budget
What is the purpose of business money?
In the most simple of descriptions, the purpose of business money is ready capital that is set aside by a business only for company/business purposes. It is not the same as petty cash because this money has only a business related purpose.
What are categorical grants?
money givin to states for a specific purpose
