Park fund
English translation: "park temporarily or hide funds
| 13:10 Sep 27, 2014 |
| English language (monolingual) [Non-PRO] Bus/Financial - Accounting / Code of Conduct | |||||||
|---|---|---|---|---|---|---|---|
|
| ||||||
|  Selected response from: Yvonne Gallagher Ireland Local time: 07:10 | ||||||
Grading comment
| |||||||
| SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
|---|---|---|---|---|
| 4 +3 | "park temporarily or hide funds |
| ||
| 5 | place the money someplace (hold it e.g. in an account) |
| ||
| 3 | make the funds unusable or inaccessible |
|
| Discussion entries: 2 | |
|---|---|
Answers
48 mins confidence: 
| park funds make the funds unusable or inaccessible Explanation: If you Google the term, you will see that "parking funds" usually means to place funds (money) somewhere, often temporarily. For example: The participant temporarily parked the funds in a non-IRA account... www.brendelfisher.com/resources/financial-briefs-2?id=2011 In the context you are asking about, it seems to mean that the funds are placed somewhere so that they are not accessible for their intended use. The are "parked" or halted. Others may have additional insights, but this is how I understand it. |
| |
| Login to enter a peer comment (or grade) | ||
1 day 18 hrs confidence:
| park funds place the money someplace (hold it e.g. in an account) Explanation: Funds means monies. Park simply means to put the monies someplace. There is nothing notorious about this. Park also implies a sense of temporariness about it. Most commonly overnight. But could be for a longer term. But it is not really an investment (even if interest may be paid on it). It is a place here it is held. Based on context, you'd have to figure out if the "parking" of the monies was with a legitimate purpose or not. The term is neutral; the context makes the meaning. Note the posting has a typo. It is "funds" and not "fund" - there is a big difference. |
| |
| Login to enter a peer comment (or grade) | ||
54 mins confidence: peer agreement (net): +3
peer agreement (net): +3| park fund "park temporarily or hide funds Explanation: There are two meanings. See here http://financial-dictionary.thefreedictionary.com/Parking -------------------------------------------------- Note added at 54 mins (2014-09-27 14:04:53 GMT) -------------------------------------------------- . Placing idle funds in a safe, short-term investment while awaiting the availability of other investment opportunities. Many investors end up parking proceeds from a security sale in a money market account while searching for other securities to purchase. 2. Transferring stock positions to another party so that true ownership of the stock will be hidden. For example, an investor involved in the takeover of a company may park securities of the company with other investors so that the management of the target company will not know the extent of the investor's stock ownership. Parking for this purpose is generally illegal. -------------------------------------------------- Note added at 57 mins (2014-09-27 14:07:43 GMT) -------------------------------------------------- So, here it seems that the Partners are being warned about attempts under the second option with the words "misrepresent" and "misleading" and "false" used "create misleading, inaccurate or false documentation, including to “park funds” or misrepresent the intended use for funds". -------------------------------------------------- Note added at 1 hr (2014-09-27 14:10:19 GMT) -------------------------------------------------- or here http://www.investopedia.com/terms/p/parking.asp Investopedia explains 'Parking' Definition of 'Parking' A form of kiting shares that a brokerage commits by moving long positions in unrelated accounts to cover short positions that are improperly settled according to SEC regulations.... When parking shares, brokerage firms are attempting to cover undeclared short positions left over from transactions whose stock was not delivered by the settlement date. Rather than performing a buy-in transaction, these firms collude with one another and, by delaying the settlement process, inflate the number of shares available for trade in the secondary market. -------------------------------------------------- Note added at 1 hr (2014-09-27 14:21:06 GMT) -------------------------------------------------- http://www.wifcon.com/bona/bonafide1.htm -------------------------------------------------- Note added at 15 days (2014-10-13 00:40:35 GMT) Post-grading -------------------------------------------------- Glad to have helped |
| |
Grading comment
| ||
