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A fund that a big private company or a government organization accumulates aside with periodic deposits in order to collect a specific large sum of money at the end of a specific time, which is started much in advance. The fund is used as a saving to buy back the organization's bonds off the market that was issued to borrow some money for big capital purchases or to repay loans...
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A fund that a big private company or a government organization accumulates aside with periodic deposits in order to collect a specific large sum of money at the end of a specific time, which is started much in advance. The fund is used as a saving to buy back the organization's bonds off the market that was issued to borrow some money for big capital purchases or to repay loans...
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