BOND REFERENDUM Definition

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BOND REFERENDUM see REFERENDUM.

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COLLECTIVE INVESTMENT SCHEME, globally, is any arrangement for pooling several investors funds so that the pooled fund can obtain economies of scale and a spread of investments beyond the reach of individual investors. It is usually called an investment company in the U.S.A.

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

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