Dictionary of Accounting Terms: 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: 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.
