SEGREGATED FUND Definition

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SEGREGATED FUND is a pooled investment fund, much like a mutual fund, established by an insurance company and segregated from the general capital of the company. Its chief distinction from a mutual fund is its guarantee that, regardless of fund performance, at least a minimum percentage of the investors payments into the fund will be returned when the fund matures.

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LIMITED LIABILITY is one that does not go beyond the owners investment in the business.

MARKUP is the amount added to the cost of goods in order to produce the desired profit.

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