Abolishment of Fund

Business, Legal & Accounting Glossary

Definition: Abolishment of Fund

Abolishment of Fund

Quick Summary of Abolishment of Fund

The closure of a fund pursuant to the operation of law. When a special fund is abolished, all of its assets and liabilities are transferred by the Controller to a successor fund, or if no successor fund is specified, then to the General Fund.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Abolishment of Fund. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
January 19, 2022 https://payrollheaven.com/define/abolishment-of-fund/.
Chicago Manual of Style (CMS):
Abolishment of Fund. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/abolishment-of-fund/ (accessed: January 19, 2022).
American Psychological Association (APA):
Abolishment of Fund. PayrollHeaven.com. Retrieved January 19, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/abolishment-of-fund/

Definition Sources

Definitions for Abolishment of Fund are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th December, 2021 | 0 Views.