Sentences with phrase «sole purpose of funding»

Hit by a global recession in the early 90s, Lamborghini put a halt to its advanced materials research, so Pagani decided to go it alone, creating a composites research and development company with the sole purpose of funding the creation of his own supercar.

Not exact matches

The sole purpose of this material is to inform, and it in no way is intended to be an offer or solicitation to purchase or sell any security, other investment or service, or to attract any funds or deposits.

That's why medium - sized funds like the one my friend runs in Texas are basically assembling large portfolios with the sole purpose of flipping everything to the mega-funds.

When one invests in a mutual fund, one is essentially investing in a company that has been created for the sole expressed purpose of investing money.

A panel of nineteen experts appointed by the National Institutes of Health has recommended government funding for conceiving human embryos in the laboratory for the sole purpose of using them as materials for research.

Opportunities to contribute to the Frances Carr Parker endowment fund designed for the sole purpose of enhancing the dietetic profession through a graduate scholarship for a selected DPG member.

Blaine Amendments, which were passed during that period in many states for the sole purpose of preventing Catholic schools from receiving government funding, prohibits «money raised by taxation» from being «granted or applied for the use of the schools or institutions of any religious sect or denomination.»

As the asset is not being dealt with for the sole purpose of enabling the fund to discharge all or part of its liabilities in respect of superannuation income stream benefits, it can not be a segregated current pension asset under subsections 295 - 385 (3) or 295 - 385 (4) of the ITAA 1997.

Your fund needs to be maintained for the sole purpose of providing death or retirement benefits to your members or their dependants.

Essentially, an emergency fund is the cash you've saved up for the sole purpose of helping you maintain your everyday life as you navigate through an emergency such as an unexpected vehicle repair, a job loss, or an illness.

The investment vehicle with the sole purpose of mirroring a specific index is called an index fund.

A super fund is a special type of trust, set up and maintained for the sole purpose of providing retirement benefits to its members (the beneficiaries).

Mr Hafoka (also known as Tane Hafoka, Jonathan Hafoka and Johnny Hafoka) is accused of aiding and abetting the trustee of the self - managed Kassongo Superannuation Fund (KSF), Mr Atan Kassongo, in dishonestly failing to ensure the fund was maintained in accordance with the sole purpose tFund (KSF), Mr Atan Kassongo, in dishonestly failing to ensure the fund was maintained in accordance with the sole purpose tfund was maintained in accordance with the sole purpose test.

Some of the largest, and most well - funded, national organizations that are meant to protect animals and advocate for their causes (organizations that if you are reading this article there is a good chance that you give money to) are spending precious time and resources (i.e. donor dollars) to advocate against a system that's sole purpose is to save animal's lives.

Any Donations remaining in the General Fund after the end of the Term will be used by AKC Reunite, in its sole discretion, for other disaster - related purposes.

* Veterinary student scholar awards from Morris Animal Foundation are stipends, and funds awarded are for the sole purpose of supporting the student during the research period and are not eligible to be used for project expenses.

Joining the Animal Legal Defense Fund is the fulfillment of a long - time dream for Elizabeth, who went to law school for the sole purpose of protecting animals through the legal system.

They're doing this by establishing funds with the sole purpose of indie game development.

But much of Sea Change's funding comes through Bermuda - based Klein, Ltd., whose sole purpose is to channel money covertly to Sea Change and thence to environmental advocacy and «educational» groups.

They have bought investment companies with the sole purpose of providing good solid money growth for their clients such as mutual funds.

Note: It is important to select suitable term as per your objective e.g. you may choose lower term if your sole purpose is tax saving but it is advisable to have higher policy term in case of saving for retirement fund and tax saving purposes.

KCS explained that transferring funds between countries with the sole purpose of avoiding bank and remittance fees is considered illegal.

The bank's sole purpose in Texas was to generate commercial loans to small businesses with a goal of funding $ 50 Million its first year in operation.