Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Search Results for: foundation

PUBLIC FOUNDATION

An organisation that is charitable whose funds are provided by a company or private person, though not more than 50% of the capital can be from that company or private individual.

PRIVATE FOUNDATION

An organization that is not related to the government and is notforprofit. The directors and trustees of the foundation contribute and manage the accounts. Usually, charitable institutions, and other related activities are

FOUNDATION EXCLUSION CLAUSE

Fire insurance section that calculates a property’s total loss value by excluding the value of a property’s foundation.

FOUNDATION METHODOLOGY

A creditbased CAPITAL ALLOCATION process promulgated by the BANK FOR INTERNATIONAL SETTLEMENTS (BIS) under the INTERNAL RATINGS BASED (IRB) APPROACH. BANKS use internal models to determine a COUNTERPARTY

CHARITABLE FOUNDATION

Public or private trust that manages a charity, but is itself not a charitable organization. No trustee, trustor, or member can take monies as pay from the income generated by a charitable

FOUNDATION

The founding or building of a college or hospital. The incorporationor endowment of a college or hospital is the foundation ; and he who endows it withland or other property is the

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