Examlex
A SEP IRA is an example of a self-employed retirement account.
Useful Life
The expected period of time during which an asset is useful to the average owner and can generate income or benefits.
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.
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