Retirement Funds, Savings Accounts, Pension Fund

maxpayne · Jul 7, 2017 7:26 AM

Maxpayne: I think he is talking about trust account where interest or certain amount of money is provided and opened for specific purposes. Last edited: 07-Jul-17 09:08 AM

magorkhe1 · Jul 7, 2017 8:20 AM

Endowment Fund. Akshya: kahiley nasidhhiney Although Endowment is not same as akshya, the way Akshya Kosh works in Nepal has similarities in how Endowment Fund works in US. ----------------------- from investopedia: Financial endowments are typically structured so the principal amount invested remains intact, while investment income is available for immediate funding for use to keep a nonprofit company operating efficiently. For endowments structured so a portion of the principal is released for use each year, the donation has an impact over a longer period of time. Read more: Endowment Fund http://www.investopedia.com/te...

gandharba · Jul 7, 2017 1:38 PM