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external funds

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External funds
Funds originating from a source outside the corporation to increase cash flow and to aid in expansion efforts, e.g., bank loan or bond offering.

external funds
The funds that are raised from sources outside a firm. The monies that are received from the sale of stock and bonds are external funds. Firms seek external funds when they are unable to finance expenditures with money generated from operations. External funds are particularly important for a young, fast-growing company that has capital requirements that greatly outstrip its ability to generate funds internally. Compare internal funds.

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The psychological reward of being recognized on campus for receipt of external funds is part of the reward, as is the recognition associated with fulfilling a commitment to do what one writes about in their initial program proposal.
But this is a process heavy in transaction costs for management institutions, which clearly cannot take this route to fostering participatory resource management without infusions of external funds from donors or government programmes.
Two novel initiatives will also be pursued, with the help of external funds, for the study of the safety of genetically-modified organisms for agriculture and for the production of model animals for the study of human diseases.
 
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