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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.
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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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