Family Financial Planning

Cleanup Fund
The informal phrase 'Cleanup Fund' describes the 'needs approach' used to determine the amount of life insurance necessary for a family. The Cleanup Fund is intended to cover last-minute expenses as well as those expenses that surface after the death of an insured, such as burial costs, probate charges, and medical bills.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.