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Product Extension and Refinement

question 138

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Product extension and refinement


Definitions:

Endowment Funds

Organizations chartered to invest money for usually tax-exempt institutions.

Charitable Organizations

Nonprofit entities that operate for the purpose of providing aid and support to societal, cultural, educational, or environmental causes.

Educational Institutions

Organizations dedicated to the instruction and training of students in various fields of study.

Fully-Funded Pension Plan

A pension plan that has enough assets to provide for all accrued benefits owed to participants.

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