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tokkin

Pronunciation: /tɒˈkɪn/

(also tokkin fund)
Definition of tokkin

noun (plural same or tokkins)

  • (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.

Origin:

Japanese, acronym from Tokutei Kinsen Shintaku, literally 'specifically oriented money in trust'