Definition of tokkin in English:
tokkin
(also tokkin fund)
nounPlural tokkins tɒˈkɪn
(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.
Example sentencesExamples
- 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 new rules would have required that tokkin funds value their shares at either the market price or the acquisition price, whichever is lower.
- The tokkin is set up and managed under the terms of a written agreement between the parties.
Origin
Japanese, acronym from Tokutei Kinsen Shintaku, literally 'specifically oriented money in trust'.