| 释义 |
‖ tokkin, n.|ˈtokkin, ˈtɒkɪn|
Pl. unchanged; (anglicized) -s.
[Jap., acronym f. Tok(utei Kin(sen Shintaku, lit. ‘specifically oriented money in trust’.]
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. Freq. attrib.
1985Financial Times 9 Jan. ii. 22/3 According to Nomura Capital Management the size of these trust funds, or Tokkin accounts as they are called, is now about Y1,000bn ($3.9bn). Ibid. 10 June i. 32/8 Tokkin are..performance-oriented funds and are frequently invested in speculative and volatile shares. 1988Daily Tel. 7 Jan. 15 The [Japanese] Ministry of Finance intends allowing even greater investment in tokkin funds. Life assurance companies, which could previously put only 3 p.c. of their money in tax-efficient tokkins, will be able to invest 5 p.c. 1990Fortune 7 May 65/2 The drop so far in 1990 has been largely confined to two relatively small groups, foreign investors and so-called tokkin funds. |