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Funding Agreement

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Funding Agreement
Illiquid insurance contracts that provide guaranteed principal repayment and interest payments for a predetermined period of time.

Notes:
Funding agreements are marketed to mutual fund companies and municipal reinvestments. These products are generally used for their security and flexibility as they can be altered to meet the specific cash-flow needs of the contract holder.


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Funding for the nursing positions has recently been reinstated, but fears persist that the nurses will be dismissed in 2006 when the funding agreement expires.
Gargano announced that Brooklyn Bridge Park Development Corporation, a subsidiary of ESD and the City of New York, solidified a Funding Agreement for the development of Brooklyn Bridge Park.
OTTAWA -- A top bureaucrat with Health Canada tried to block an audit clause in a funding agreement with a Virginia Fontane Addictions Centre in Manitoba worth $16 million just three days after Health Canada completed an audit into money squandering by the centre, says an RCMP affidavit.
 
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