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In one approach, practiced widely in West Africa, a reserve fund is accumulated when export prices are high and is drawn upon to maintain prices to farmers when they are low.
The fund is accumulated from earnings, and payments into the fund may be based on either a fixed percentage of the outstanding debt or a fixed percentage of profits.
Similar(58)
Before the cessation of mining, a large reserve fund was accumulated; the interest now contributes to government revenue.
While this "slush fund" was accumulating, UVA was simultaneously pleading poverty and requesting that the legislature in Richmond increase its funding.
Like Mercer's family foundation, his hedge fund company also appears to use an offshore blocker system to legally avoid US taxes on a huge pool of retirement funds being accumulated by its employees.
Some $500 million in funding was accumulated in the last 12 months alone.
In theory, the two giant trust funds are accumulating huge surpluses that can be used to pay for benefits when the baby boomers retire and the systems start taking in less than they are paying out.
So it is important to ensure that sufficient financing is accumulated in state trust funds to weather a possible downturn.
In light of this, with great consideration, they concluded that a glorifying statue praising his "generosity" – with no mention of how the money to fund this was accumulated – was an anti-intellectual, ahistorical and inappropriate way to memorialise his brutality.
The funds that were accumulated during the good years are about to run out.
Once your home has been purchased and ready cash and emergency funds have been accumulated, it's time to concentrate more of your savings on the retirement account.
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