Sentences with phrase «invest contingency reserve»

For example: Section 6.11 (b)(ii) of the Strata Property Regulation allows strata corporations to invest contingency reserve or special levy funds in a guaranteed investment certificate (GIC), if:

Not exact matches

Also, built a contingency fund by investing in good debt fund by investing 10 percent (or any percentage you deem good enough) of your monthly income so that you have access to a financial reserve, whenever the need arises.

6.11 In addition to an investment permitted under the Act, for the purposes of section 95 (2)(a) or 108 (4)(b)(i) of the Act, as applicable, a strata corporation may invest money held in the contingency reserve fund or money collected on a special levy in one or more of the following investments: