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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...

mutual fund

(Encyclopedia)mutual fund, in finance, investment company or trust that has a very fluid capital stock. It is unique in that at any time it can sell or redeem any of its outstanding shares at net asset value (i.e.,...

children's book illustration

(Encyclopedia)children's book illustration, any type of picture or decorative work produced for books specifically intended for a youthful audience. During the 1960s a number of seldom-used techniques were introd...

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...

International Fund for Agricultural Development

(Encyclopedia)International Fund for Agricultural Development(IFAD), specialized agency of the United Nations with headquarters in Rome, Italy. IFAD grew out of the 1974 World Food Conference; it was established in...

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