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Institution investor

investor, means one who trades large volumes of securities, usu. by investing other people's money into large managed funds. Institutional investors are often pension funds, investment companies, trust managers, or insurance companies, Black's Law Dictionary, 7th Edn.,

Industrial assurance

business the premiums upon which are received by collectors at intervals of less than two months. 'Industrial assurance funds' (life funds) cannot be made security for a loan other than a temporary bank overdraft. The Act contains

Factory

ordinarily so carried on, whether with the aid of power or without the aid of power. [Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), s. 2 (g)] Means any premises, including the precincts thereof,

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Dividend

Dividend, a share, the part allotted in division; the interest paid on the public funds; the share of profits of a company payable to each shareholder (see Articles 89 to 96 of Table

Borrowed capital

Borrowed capital, means funds that lent to a corporation or other entity to finance its operations, such as cash dividends that are

Basic wages

his employment or of work done in such employment; (iii) any presents made by the employer. [Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), s. 2 (b)] The phrase 'basic wages' is ordinarily understood

Chancery

mode of dealing with money paid into the Chancery Division of the High Court, see the (English) Chancery Funds Act, 1872 (35 & 36 Vict. c. 44), now repealed and replaced by the Jud. Act, 1925, and

Appointment in exercise of a Power

the issue usually given by a marriage settlement, by virtue of which the parents can distribute the settled funds amongst the issue in such shares as the donees of the power think fit, and the trustees will

mortgage

mortgage with a fixed rate but which is adjusted periodically according to an index (as the cost of funds to the lender) balloon mortgage : a mortgage having the interest paid periodically and the principal paid in

bank

the custody, loan, or exchange of money, for the extension of credit, and for facilitating the transmission of funds branch bank : a banking facility that is a separate but dependent part of a chartered bank ;esp

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