FUND ACCOUNTING definition

FUND ACCOUNTING s responsibility for damage or loss with respect to the Portfolio's records arising from fire, flood, Acts of God, military power, war, insurrection or nuclear fission, fusion or radioactivity shall be limited to the use of FUND ACCOUNTING's best efforts to recover the Portfolio's records determined to be lost, missing or destroyed.
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FUND ACCOUNTING shall have the meaning set forth in Section 1.6(b).
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FUND ACCOUNTING means an accountability or stewardship concept, used principally by nonprofit and governmental organizations that are legally responsible for seeing that funds or assets are used only for the specific purposes for which they are authorized by the governing body.
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Examples of FUND ACCOUNTING in a sentence

  • In connection with the operation of this Agreement, the Fund and FUND ACCOUNTING may agree from time to time on such provisions interpretive of or in addition to the provisions of this Agreement as in their joint opinions may be consistent with this Agreement.

  • FUND ACCOUNTING shall be paid as compensation for its services pursuant to this Agreement such compensation as may from time to time be agreed upon in writing by the two parties.

  • FUND ACCOUNTING may use one or more external pricing services, including broker-dealers, provided that an appropriate officer of the Fund shall have approved such use in advance.

  • Upon termination, FUND ACCOUNTING will turn over to the Fund or its designee and cease to retain in FUND ACCOUNTING files, records of the calculations of net asset value and all other records pertaining to its services hereunder; provided, however, FUND ACCOUNTING in its discretion may make and retain copies of any and all such records and documents which it determines appropriate or for its protection.

  • FUND ACCOUNTING shall exercise reasonable care and diligence in the performance of its duties hereunder.

  • In acting under this Agreement, FUND ACCOUNTING shall be an independent contractor and not an agent of the Fund or the Portfolio.

  • FUND ACCOUNTING shall be entitled to receive, and may rely upon, information received from the Transfer Agent.

  • FUND ACCOUNTING's services pursuant to this Agreement are not to be deemed to be exclusive, and it is understood that FUND ACCOUNTING may perform fund accounting services for others.

  • This Agreement may not be assigned by FUND ACCOUNTING without the consent of the Fund as authorized or approved by resolution of its Board of Trustees.

  • FUND ACCOUNTING shall be entitled to receive, and shall be entitled to rely upon, as conclusive proof of any fact or matter required to be ascertained by it hereunder, a certificate, letter or other instrument signed by an authorized officer of the Fund or any other person authorized by the Fund's Board of Trustees.


More Definitions of FUND ACCOUNTING

FUND ACCOUNTING at the address set forth above, or at such other address as Fund may have designated to State Street in writing, will be deemed to have been properly given to Fund hereunder. Notices, requests, Instructions and other writings addressed to State Street at ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Attention: Custody Department, or to such other address as it may have designated to Fund in writing, will be deemed to have been properly given to State Street hereunder.
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FUND ACCOUNTING. STANDARDIZED DAILY WORKFLOW The following Daily Workflow depicts the basic operations performed by Fund Accounting each day. This standardization of tasks provides control and ensures accuracy and efficiency. TIME TASK DESCRIPTION ---- ---- ----------- 9:00-9:30 Cash Reconciliation Reconcile prior day ending cash balance per Custodian's records and the Accounting System to the prior day ending cash balance, per the reported Cash Availability.
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