One of the mysteries of the English language finally explained.
(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.
- ‘He says securities and tokkin funds now account for less than 30% of total assets of $1.4 billion.’
- ‘The new rules would have required that tokkin funds value their shares at either the market price or the acquisition price, whichever is lower.’
- ‘One topical issue in the Japanese market relates to tokkin trusts and the ability of an investment adviser to bind the trustee.’
- ‘The tokkin is set up and managed under the terms of a written agreement between the parties.’
Japanese, acronym from Tokutei Kinsen Shintaku, literally ‘specifically oriented money in trust’.
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