split funding

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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Ability to enter pre-trip and post-trip travel that has split funding between budget accounts.
com)-- Clearent, one of the nation's fastest growing credit card processing companies, announced its new Split Funding service which enables Clearent to automatically make daily payments directly to merchant cash advance providers.
Clearent's Split Funding service enables its customers to take advantage of merchant cash advances to help them grow their business.
Percy Hedley Foundation - Which would split funding between two projects, one to build two "sensory rooms" to help people with disabilities, and the other to help towards the cost of a new mini-bus for the charity's residential unit in Killingworth.
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.
The assembly is calling on the Treasury to change the rules which require AWM to split funding evenly between capital and revenue projects.
Finally, the HSA program, a program established by the Medicare Prescription Drug, Improvement and Modernization Act of 2003, lets employers split funding costs with employees.
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.
Up to 10 reserve accounts per merchant can be defined and prioritized to support Internal Revenue Service requirements, split funding, reject management, risk reserves and more.
Percy Hedley Foundation: Which would split funding between two projects - one to build two "sensory rooms" to help people with disabilities, and the other to help towards the cost of a new mini-bus for the charity's residential unit in Killingworth.