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

BOA is Board of Auditors, Bank of America, Board of Adjustment, or Basic Ordering Agreement.

NAARS is National Automated Accounting Research System.

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