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Endowment Fund
A fund established to maintain principal inviolate and to use earnings for specific purposes, often found in non-profit or educational institutions.
Fund Accounting
A system of accounting used primarily by non-profit or governmental organizations where resources are categorized into funds according to their designated purpose or restrictions.
Not-for-Profit Organizations
Entities that operate for purposes other than generating profit, focusing instead on social, educational, or charitable objectives.
Restricted Fund Method
An accounting practice where funds are designated for specific purposes and are restricted from general use.
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