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.

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GOODS, generally, is cargo shipped by land, sea or air. In asset-based finance, the term goods refers to equipment or inventory.

REALIZATION PRINCIPLE is that revenue should be recognized at the time goods is sold and services are rendered.

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