what is the "reserve fund"?
glossary FAQ: glossary.
Lia A. From Marseille, France
09 March, 2009
a "reserve fund " is An account set aside by an individual or business to meet any unexpected costs that may arise in the future as well as the future costs of upkeep. In most cases, the fund is simply a savings account or another highly liquid asset, as it is impossible to predict when an unexpected cost may arise. However, if the fund is set up to meet the costs of scheduled upgrades, less liquid assets may be used.
An individual, for example, may put money into a reserve account to save money in case of unexpected unemployment. A business, such as one dealing with rental properties, will put some rental income into a fund used to pay for any unexpected repairs to the properties. Condominiums often will set up reserve funds in which condo owners pay a set monthly amount to maintain the quality of the condominium. Visit NordMarkets
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- Background:
- Dukascopy is an internet foreign currency exchange facilitator. Dukascopy is regulated by ARIF.
- Dukascopy's Specs:
- This forex features 24/7 trading and a customer support service. Whatever your preference English, French, Russian or Deutsch, Dukascopy permits crisp and flowing trading through its multilingual interface. To tell you the truth, this forex's not really about state of the art. Instead, it puts forth the more traditional workings of '00 - '03 platforms. Like Seinfeld's crew says: not that there is anything wrong with that! You should also know, that if you have held the belief that less is more - you're wrong.
- Advantages:
- - Beginner Friendly - Good Regulator - Customer Support - Twenty Four Hour Service
- Disadvantages:
- - High Minimum Deposit - Confusing Options
- For Short:
- A technologically rich yet sometimes dense system.
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