Examlex
When an agent pays for the right to have authority for a business, a(n) ____ is created.
Capital Fund
Resources accumulated by an entity to finance long-term projects or investment, not intended for regular operational expenses.
General Fund
The primary operating fund of a governmental entity, covering most basic governmental functions and activities.
Endowment Fund
A financial asset donation made to an institution that uses the resulting investment income for a specific purpose.
Bequest
A gift of personal property by means of a will.
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