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Collective trust fund. Collective trust funds or Collective Investment Trusts (CITs) are a legal trust administered by a bank or trust company that combines assets for multiple investors who meet specific requirements set forth in the fund’s declaration of trust. [1] Typically, a collective trust pools assets from corporate and governmental ...
The National Partnership for Reinventing Government (NPR) was a U.S. government reform initiative launched in 1993 by Vice President Al Gore. Its goal was to make the federal government "work better, cost less, and get results Americans care about". [1] The initiative aimed to streamline processes, cut bureaucracy, and implement innovative ...
The U.S. government also gained control of half the seats in the board of directors, and the senior management was subjected to removal by the US government if there were poor performance. By December 2009, the U.S. government stake was reduced from a 36% stake to a 27% stake, after Citigroup sold $21 billion of common shares and equity in the ...
Manning & Napier Adds New Class with Zero Revenue Share to Pro-Mix® CIT Fund Family New unit class offers greater transparency for plan sponsors and participants FAIRPORT, N.Y.--(BUSINESS WIRE ...
The Center for Information Technology ( CIT) is one of the 27 institutes and centers that compose the National Institutes of Health (NIH), an agency of the U.S. Department of Health and Human Services (HHS), a cabinet-level department of the Executive Branch of the United States Federal Government. Originating in 1954 as a central processing ...
CIT Group (CIT), a subsidiary of First Citizens BancShares, is an American financial services company. It provides financing, including factoring , cash management , treasury management , mortgage loans , Small Business Administration loans, leasing, and advisory services principally to individuals, middle-market companies and small businesses ...
A chit fund is a type of rotating savings and credit association system practiced in India, Bangladesh, Sri Lanka, Pakistan and other Asian countries. Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbours. In some variations of chit funds, the savings are for a specific purpose.
Business improvement district. A business improvement district ( BID) is a defined area within which businesses elect to pay an additional fee (or assessment) in order to fund projects within the district's boundaries. A BID is not a tax, as taxes fund the government. BID funds are collected and used for the exclusive benefit of the industry ...
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