COLLECTIVE INVESTMENT SCHEME Definition

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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.

Learn new Accounting Terms

BA see BANKER'S ACCEPTANCE.

AGENCY COSTS is the incremental costs of having an Agent make decisions for a principal.

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