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Fundholder |
Also found in: Encyclopedia | 0.02 sec. |
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Fund´hold´er
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The year 1953 saw the creation of the Fuel Supply Directorate of the USSR Ministry of Defense, which became the main supply body, fundholder, and general buyer of fuel, oils, lubricants and specialized liquids, as well as service technical assets for all the services of the Armed Forces. When a fund registers a gain, there are capital gains taxes to pay, an expense passed on to fundholders. When they were first introduced in the early 1980s, 12b-1 fees were touted as a boon to fundholders. |
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