Username: Maria Rating: Asked to: Jacob Rogers Date Created: 11 Sep 2017 |
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Category | 28 |
Tag | Financial |
Question | Please give the definition of 'Idle Funds'. |
Hello Maria, Money that is not invested and, therefore, earning no interest or investment income. Idle funds are simply funds that are not deposited in an interest bearing or investment tracking vehicle, that is, not participating in the economic markets. These funds are often thought of as "wasted" funds, since they do not appreciate in any manner. |
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