Long-Term Funds definition

Long-Term Funds means funds with a long-term investment horizon, in theory perpetual, which may generate a stream of earnings to support current operations that will remain stable or grow in real or inflation-adjusted terms, and which may include true endowment funds (funds received from a donor with a restriction that the principal is not expendable), term endowment funds (funds for which the donor stipulates that the principal may be expended after a stated period of time or upon the occurrence of a certain event) and funds functioning as endowments (funds that have been established by the governing board to function like an endowment fund but that may be expensed at any time at the discretion of the board);
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Long-Term Funds means funds with a long-term investment horizon, in theory perpetual,
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Related to Long-Term Funds

  • Long-term care means those activities taken by a host state after a compact facility is permanently closed to ensure the protection of air, land, and water resources and the health and safety of all people who may be affected by the compact facility.

  • Long-term contract means a contract with a duration period exceeding one year;

  • Long-Term Debt means debt repayable over a period exceeding one year;

  • Long-term inpatient care means inpatient services for

  • Long-term lease means a lease term of at least 27.5 years for a residential resource or at least 31.5 years for a nonresidential resource.