A common fund is a form of collective investment scheme based upon contractual law rather than being enacted through a trust, corporation or insurance policy.
The model for this type of arrangement is the Fonds commun de placement common in France and Luxembourg. The common contractual fund in Ireland is another prominent example.
Famous quotes containing the words common and/or fund:
“In the progress of politics, as in the common occurrences of life, we are not only apt to forget the ground we have travelled over, but frequently neglect to gather up experiences as we go.”
—Thomas Paine (1737–1809)
“I am advised that there is an unexpended balance of about $45,000 of the fund appropriated for the relief of the sufferers by flood upon the Mississippi River and its tributaries, and I recommend that authority be given to use this fund to meet the most urgent necessities of the poorer people in Oklahoma.”
—Benjamin Harrison (1833–1901)