Endowment Fund
An endowment fund consists of donations or capital set aside to generate ongoing income for a specific purpose commonly used by educational, religious, or non-profit institutions. The principal amount typically remains untouched, while investment returns support operations or scholarships. It ensures financial sustainability and accountability over long-term institutional commitments.
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Excise Duty (Australia)
A tax levied on specific goods manufactured or produced in Australia, such as alcohol, tobacco, and fuel.
Employment Allowance
A UK relief allowing eligible employers to reduce their annual National Insurance liability by a set amount.
Estimated Tax Penalty
An IRS penalty applied when a US taxpayer underpays estimated taxes throughout the year.
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