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counterpart fund

Saltos de línea: coun¦ter|part fund

Definición de counterpart fund en inglés:

sustantivo

A sum of money accrued in a local currency arising from goods or services received from abroad.
Example sentences
  • The money from these sales, called counterpart funds, remained in the local currency in a special account.
  • As much as 60 per cent of the ERP counterpart funds were used for industry and infrastructures, while agriculture only received 29 per cent.
  • France and Italy used their counterpart funds to combat inflation and enforce budgetary restraint.

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Palabra del día Sprachgefühl
Pronunciación: ˈʃprɑːxɡəˌfuːl
noun
intuitive understanding of a language’s natural idiom…