BCL Definition

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BCL is an acronym for, among others, Bank Comfort Letter or Bachelor of Canon/Civil Law.

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SUBVENTION is the provision of assistance or financial support such as an endowment or a subsidy from a government or foundation.

POOL is: 1. a group of people organized for a specific purpose or any communal combination of funds; 2. in capital budgeting, the concept that investment projects are financed out of a pool of bonds, preferred stock, and common stock, and a weighted-average cost; 3. in insurance, a group of insurers who share premiums; and 4. in investments, the combination of funds for the benefit of a common project, or a group of investors who use their combined influence to manipulate prices.

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