WORK IN PROGRESS Definition

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WORK IN PROGRESS a piece of work that is not yet finished.

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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.

FINANCIAL BUDGET is focused on capital expenditures and on a business's budgeted cash position:

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