Examlex
What are the four choices in managing your financial affairs?
Endowment Principal
The core capital in an endowment, which is invested to generate income while preserving the original amount.
Payout
The process of distributing funds by foundations and trusts to meet legal requirements or fulfill their mission.
Accrual Basis
An accounting method where revenue and expenses are recorded when earned or incurred, regardless of when cash transactions occur.
Expenditures
The action of spending funds or an amount of money spent on a particular purpose, product, or service.
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