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Posted on 07-07-17 12:50 AM     Reply [Subscribe]
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Hello guys,
What is the English word for Nepali "Akchheya Kosh" it's like support fund I mean.
Thank you
 
Posted on 07-07-17 7:26 AM     [Snapshot: 51]     Reply [Subscribe]
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Retirement Funds, Savings Accounts, Pension Fund
 
Posted on 07-07-17 8:20 AM     [Snapshot: 74]     Reply [Subscribe]
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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

 
Posted on 07-07-17 1:38 PM     [Snapshot: 110]     Reply [Subscribe]
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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.
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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/terms/e/endowment-fund.asp#ixzz4mAzenQlu 






 


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