(in Japan) a type of short-term corporate investment fund managed by a trust bank, providing a reduction of tax liability and other financial advantages.
- ‘One topical issue in the Japanese market relates to tokkin trusts and the ability of an investment adviser to bind the trustee.’
- ‘He says securities and tokkin funds now account for less than 30% of total assets of $1.4 billion.’
- ‘The tokkin is set up and managed under the terms of a written agreement between the parties.’
- ‘The new rules would have required that tokkin funds value their shares at either the market price or the acquisition price, whichever is lower.’
Japanese, acronym from Tokutei Kinsen Shintaku, literally ‘specifically oriented money in trust’.
We take a look at several popular, though confusing, punctuation marks.