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Ghotane Maila
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Posted on 07-07-17 12:50
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Hello guys, What is the English word for Nepali "Akchheya Kosh" it's like support fund I mean. Thank you
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maxpayne
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Posted on 07-07-17 7:26
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Retirement Funds, Savings Accounts, Pension Fund
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magorkhe1
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Posted on 07-07-17 8:20
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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
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gandharba
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Posted on 07-07-17 1:38
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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. ----------------------- 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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