DONATED ASSETS Definition

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DONATED ASSETS are assets received in a voluntary non-reciprocal transfer from another entity such as gifts of capital assets; usually voluntary contributions of resources to a governmental entity by a non-governmental entity.

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OWNED RECEIVABLES is receivables carried on the balance sheet of the institution. See MANAGED RECEIVABLES.

LIBID is the London Interbank Bid Rate, the rate that a bank is willing to pay for funds in the international interbank market.

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