proprietary fund

Dictionary of Accounting Terms for: proprietary fund
proprietary fund

in governmental accounting, one having profit and loss aspects; therefore it uses the accrual rather than modified accrual accounting method. The two types of proprietary funds are the enterprise fund and the internal service fund.

Dictionary of Banking Terms for: proprietary fund
proprietary fund

bank distributed mutual fund sponsored by an independent investment advisor. The advisor receives investment advice from the bank selling or distributing the fund.

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