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Split Funding

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Split Funding
The act or practice of using a single amount of money to buy two or more investment vehicles. Split funding is most common in insurance; for example, the premium for an insurance policy may be used to both maintain the policy and to buy shares in a mutual fund. Whole life policies operate on split funding: part of the premium pays for the benefit on death, while another part is placed in a special savings account one may redeem.

split funding
The purchase of more than one financial product with the same payment. For example, some financial programs combine life insurance and a mutual fund into the same package, with each customer payment being split between the two.


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Last week, the National Audit Office issued a report criticising ministers for failing to decide how to split funding between the Treasury, the national lottery and local taxpayers in London.
``Liverpool is pursuing one option and Everton has pursued another and this made their projects less attractive to the public sector because they would have had to split funding.
When the state's community college system was established in 1965, lawmakers split funding sources about equally between local property taxes, tuition and state aid.
 
 
 
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