Examlex
For state and local governments,in 2011,sales taxes and property taxes made up approximately
Liabilities
Financial obligations or debts owed by a person or business to others, which must be settled over time through the transfer of economic benefits.
Hybrid Mutual Funds
Investment funds that combine stocks and bonds to provide a mix of growth, income, and risk management.
Total Assets
The sum of all assets owned by an entity, including cash, investments, property, and other tangible and intangible assets, reflecting the company's overall value.
Equity Trusts
Investment funds that pool money from investors to purchase a diversified portfolio of equities, or stocks, managed by a professional fund manager.
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