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What (who) is K1 fund - definition
K1 fund
SUSPECTED GERMAN PONZI-SCHEME
Dieter Frerichs; Helmut Kiener
The K1 fund was a British Virgin Islands based hedge fund, initially marketed to and invested in by mainly German-based private investors, and latterly a series of global banks. With an estimated size of $378million/£249million and $1Bn under management, it collapsed in 2008.
Contingency fund
EMERGENCY MONEY RESERVE
Contingencies Fund Act 1974; Civil Contingencies Fund; Contingencies Fund; Contingency Fund; Contingencies fund; Contingency fund of india
A contingencies fund or contingency fund is a fund for emergencies or unexpected outflows, mainly economic crises.
Consolidated Fund
TERM USED TO REFER TO THE MAIN BANK ACCOUNT OF THE GOVERNMENT IN CERTAIN COUNTRIES
Consolidated Revenue Fund; Consolidated fund; Consolidated Fund Services; National Loans Fund; Consolidated Fund of the United Kingdom; Consolidated Fund of India; General taxation; Central Fund Act; Central Fund (Permanent Provisions) Act 1965
In many states with political systems derived from the Westminster system, a consolidated fund or consolidated revenue fund is the main bank account of the government. General taxation is taxation paid into the consolidated fund (as opposed to hypothecated taxes earmarked for specific purposes), and general spending is paid out of the consolidated fund.
