SEARCH THE BUSINESS GLOSSARY
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 .
bank distributed mutual fund sponsored by an independent investment advisor. The advisor receives investment advice from the bank selling or distributing the fund.
Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.