Examlex
To avoid problems,many courts hold a contract to be bilateral:
Operating Fund
A reserve of cash set aside for the day-to-day financial operations of an organization, business, or government entity.
Capital Fund
A reserve of money that is set aside for long-term investment projects or to cover future expenses and liabilities.
Endowment Fund
A fund established to finance a particular purpose of an organization, where the principal is kept intact while the investment income is available for use.
Deferral Method
An accounting technique used to delay the recognition of expenses or revenues until the related cash is paid or received.
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