| כלל. |
guarantee funds (A sum of money pledged as a contingent indemnity for loss. EXAMPLE SENTENCES This has given new life to the concept of the ‘narrow bank': in return for confining its funds to high-quality, marketable assets, only the narrow bank would be permitted access to the payments system and to the deposit guarantee fund. A guarantee fund with a starting capital of 20 million leva allocated from the 2002 budget will partially or completely cover the collateral of credits extended to socially disadvantaged people. OD. One of two funds established for the protection of customers' monies; the clearing members contribute a percentage of their gross revenues to the guarantee fund. See also surplus fund. The CENTER ONLINE Futures Glossary. An offshore fund in which the investor's initial investment is guaranteed. OB&M Alexander Demidov) |
