Cleanup Fund

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Dictionary Says

Definition of 'Cleanup Fund'

An insurance term referring to the final expenses associated with an individual after his/her death. The cleanup fund, or funds for final expenses, is a type of life insurance policy intended to cover the deceased's final expenses. Costs associated with funeral expenses, cemetery or mausoleum fees, and the costs of settling financial and property issues may be covered.
Investopedia Says

Investopedia explains 'Cleanup Fund'

A cleanup fund can be a standalone policy or written in conjunction with another type of life insurance policy. The cleanup fund provides the estate with a means of paying for certain expenses related to the death, including funeral expenses and the costs of settling the remaining estate.

A cleanup fund can also refer to an account which has monetary resources devoted to environmental cleanup costs such as those following an oil spill.
Search results for

'Cleanup Fund'

  • Should You Buy Banks' "Toxic" Assets?

    http://www.investopedia.com/articles/economics/09/ppip-cleanup.asp
    ... alphabet soup. In fact, most of the money to fund it came from the Troubled
    Asset Relief Program (also a government program). That ...

  • BP Share Price A Steal?

    http://stocks.investopedia.com/stock-analysis/2010/BP-Share-Price-A-Steal-BP-RIG-XOM-HAL-APC0615.aspx
    ... In its current state, BP can easily cover cleanup and related costs through its ... capital
    standpoint, BP looks to have a very substantial cushion to fund the oil ...

  • Bailout Acronyms 101

    http://www.investopedia.com/articles/basics/09/understanding-bailout-acronyms.asp
    ... When the borrowers failed to repay the loans, the fancy investments fell
    apart, leaving the taxpayers to fund the cleanup. (Find ...

  • Playing Athabasca's Multiple Suitors

    http://stocks.investopedia.com/stock-analysis/2011/Playing-Athabascas-Multiple-Suitors-TRP-ENY--NOA-CNQ-SU-COSWF0906.aspx
    ... is extremely costly, both on the mining front and in the environmental cleanup. ... The
    Guggenheim Canadian Energy Income Fund (NYSE:ENY) follows a basket of 34 ...

  • "Temporary" Taxes That Stuck

    http://www.investopedia.com/articles/tax/10/temporary-taxes-that-stuck.asp
    ... The tax was meant to cover the costs of cleanup and repairs needed after the ... many
    years ago, now the money goes to the states' general fund for discretionary ...

  • 3 Fastest Climbers Off The Market Bottom

    http://stocks.investopedia.com/stock-analysis/2010/3-Fastest-Climbers-Off-The-Market-Bottom-PCLN-APC-MBI-XLF-SPY0720.aspx
    ... of investment guru Bruce Berkowitz and his Fairholme Capital Management Fund announcing
    they ... would not, for now, be contributing to the bill for the cleanup. ...

  • Construction And Engineering Stocks Year In Review

    http://stocks.investopedia.com/stock-analysis/2009/Construction-And-Engineering-Stocks-Year-In-Review-FLR-SHAW-FWLT-ABB-JEC1228.aspx
    ... the lead company in a $1.6 billion government stimulus project to manage cleanup
    at a ... was cited in an interview with Russell Croft of the Croft Value Fund as a ...

  • Winn Dixie Discount

    http://stocks.investopedia.com/stock-analysis/2010/Winn-Dixie-Discount-WINN-KR-SWY-SVU1104.aspx
    ... A Cleanup Quarter The quarter included a lot of charges and adjustments. ... By Sham
    Gad Sham Gad is the Managing Partner of Gad Partners Fund's, value inspired ...

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