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Profiteers also sought to benefit at the army's expense, charging it 1,000 times what they charged civilians for the same goods.
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"You would have humongous expense charges" at companies like Cisco Systems if they had followed this rule during the last five years, said Arthur Kroll, chief executive of the KST Consulting Group, a New York compensation consulting firm.
Vanguard investors who do not qualify for Admiral shares would see no change or a "minimal" increase in the expense charges they pay, perhaps two or three hundredths of a percentage point, the company told Reuters.
Many fund sponsors, especially those whose expense charges approach 1percentt, are now waiving part of their fees rather than having their yields turn negative or, in industry parlance, "breaking the buck".
Hotel: Final hotel invoice or itemized bill for lodging and expense charged to the room.
When a fund is hot, you won't feel much of a pinch from the expense charges deducted from total assets.
The state also lends students the money to pay their fees and living expenses, charging no interest on the loans in real terms and recouping what it can after the students graduate and are earning more than £15,000 a year.
Salaries constitute the largest component of the expenses charged to sponsored projects.
A $1,198 grant from the Neediest Cases Fund was used to reimburse her for the medical expenses charged to her credit card.
Other things being equal, the lower the expenses charged by fund companies, the better the returns to investors, he says.
Tells how the estate will be divided among the claimants, if they can establish relationship; itimized list of assets; & expenses charged to the estate.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com