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hedge fund

(Encyclopedia)hedge fund, in finance, a largely unregulated investment device with a relatively small number of investors that aims to outperform the markets. Originating in the 1950s, the funds “hedge” by offs...

fund-raising

(Encyclopedia)fund-raising, large-scale soliciting of voluntary contributions, especially in the United States. Fund-raising is widely undertaken by charitable organizations, educational institutions, and political...

Commonwealth Fund

(Encyclopedia)Commonwealth Fund, foundation established (1918) by Anna M. Harkness, wife of Stephen V. Harkness, an early Standard Oil investor, “for the welfare of mankind.” Its headquarters are in New York Ci...

sinking fund

(Encyclopedia)sinking fund, sum set apart periodically from the income of a government or a business and allowed to accumulate in order ultimately to pay off a debt. A preferred investment for a sinking fund is the...

illiteracy

(Encyclopedia)illiteracy, inability to meet a certain minimum criterion of reading and writing skill. Throughout most of history most people have been illiterate. In feudal society, for example, the ability to re...

United Nations Industrial Development Organization

(Encyclopedia)United Nations Industrial Development Organization (UNIDO), specialized agency of the United Nations. Headquartered in Vienna, it was organized in 1966 and made a specialized UN agency in 1985. UNIDO'...

child welfare

(Encyclopedia)child welfare, services provided for the care of disadvantaged children. Foundling institutions for orphans and abandoned children were the earliest attempts at child care, usually under religious aus...

International Monetary Fund

(Encyclopedia)International Monetary Fund (IMF), specialized agency of the United Nations, established in 1945. It was planned at the Bretton Woods Conference (1944), and its headquarters are in Washington, D.C. Th...

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