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

FISCALIST is an economist who prefers that the government affect the economy by raising and lowering taxation and/or government spending.

API is Accountants for the Public Interest.

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