Question: The following are key terms in chapter 15 that related to accounting for coleges and universities:
a. term endowments
b. annuity agreements
c. collections
d. pooled life income agreements
e. spending rate
f. total return
For each of the following definitions, indicate the key term from the list above that best matches by placing the appropriate letter in the blank space next to the definition
1. Aggreements to pay the donor the income earned by assets donated to an organiztion over the specified beneficiary's lifetime
2. A comprehensive measure of the rate of investment return, which includes unrealized and realized gains and losses, as well as interest and dividend income
3. A contribution that must be retained intact until the happening of a specific event or the pasage of a stated period of time
4. The proportion of total return that may prudenty used by an institution for current purposes
5. Agreement to pay stipulated amounts periodially to the donor of assets by the recipient organization