The Following Are Key Terms in Chapter 15 That Relate

question 22

Short Answer

The following are key terms in Chapter 15 that relate to accounting for colleges and universities:
A. Term endowments
B. Annuity agreements
C. Collections
D. Pooled life income agreements
E. Spending rate
F. Total return
For each of the following definitions, indicate the key term from the list above that best matches by placing the appropriate letter in the blank space next to the definition.
_____1. Agreements to pay the donor the income earned by assets donated to an organization over the specified beneficiary's lifetime
_____ 2. A comprehensive measure of the rate of investment return, which includes unrealized and realized gains and losses, as well as interest and dividend income
_____ 3. A contribution that must be retained intact until the happening of a specific event or the passage of a stated period of time
_____ 4. The proportion of total return that may prudently be used by an institution for current purposes
_____ 5. Agreement to pay stipulated amounts periodically to the donor of assets by the recipient organization

---

Definitions:

Medical School

An educational institution dedicated to the study of medical science, where students are trained to become physicians.

Academic Misconduct

Any action by a student that gives them an unfair academic advantage or compromises the integrity of the educational process, including plagiarism and cheating.

Government Funding

Financial resources provided by government bodies to support various activities, projects, and organizations, typically aimed at achieving specific policy objectives or providing public services.

Group Work

Collaborative efforts by individuals working together towards a common goal or project, often used in educational and professional settings.