ISTAG Financial Glossary

What is it? Information Society Technologies Advisory Group

Finance Term Definition Added By: Mia

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Other Similar Finance Terms:

Financial Term Community financial contribution is For indirect actions in FP6, in general the European Union contributes only a certain percentage of the total costs of a project. Participants have to mobilise their own resources accordingly. The percentage of the financial contribution depends on the type of activities to be carried out in the instruments and can be in the form ofa grant to the budget, as a contribution to the cost incurred, with specified maximum rates of support for the different types of activity within the project;

Financial Term PrivateIndependent Fund is A professionally managed private equity fund that raises capital from external sources of supply, such as institutional investors. Most private-independent funds utilize Limited Partnerships and related vehicles. See also Investor Types.

Financial Term OEM is Original Equipment Manufacturer

Financial Term Permanent Total Disability is Disability from which you are unlikely to recover at any time in the future.

Financial Term Illustration is An estimation of the returns you might get from an investment, based on specified growth rates and taking into account any extra charges or fees which you might have to pay.