CUSTODIAN BANK Definition

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CUSTODIAN BANK is the bank that acts a custodian to a mutual fund. Does not manage anything, just holds the cash and securities and does the clerical.

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ENGINEERED COSTS are those costs having a clear linkage to output, e.g., direct materials costs.

DEBT SERVICE COVERAGE is the ratio of cash flow available to pay for debt to the total amount of debt payments to be made (interest and principal payments).

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