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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 ...
Art Fund (formerly the National Art Collections Fund) is an independent membership-based British charity, which raises funds to aid the acquisition of artworks for the nation. It gives grants and acts as a channel for many gifts and bequests, as well as lobbying on behalf of museums and galleries and their users.
The California Institute of Technology (branded as Caltech) is a private research university in Pasadena, California.The university is responsible for many modern scientific advancements and is among a small group of institutes of technology in the United States that are strongly devoted to the instruction of pure and applied sciences.
CIT Group. 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 ...
Legal & General Group plc, commonly known as Legal & General, is a British multinational financial services and asset management company headquartered in London, England.Its products and services include investment management, lifetime mortgages (a form of equity release), pensions, annuities, and life assurance.
Saradha Group financial scandal. The Saradha Group financial scandal was a major political scandal caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds [1] [2] [3] in Eastern India.
The first state-run chit fund, Kerala State Financial Enterprises, was established in 1969 by the Kerala government. Its explicit purpose was to provide an alternative to unscrupulous private-sector chit fund organizers. In 2000, it had 77% of the capital volume of the chit fund business in Kerala, though just 37.5% of the number of chit funds.
Every day, several speeding Amtrak trains slow down from a rip-roaring 110 miles per hour to a 30-mile-per-hour crawl as they navigate a tight turn through a 151-year-old tunnel.