Williams
school might be a private field personnel settled in Williams town,
Massachusetts, u. s. 1973. Generally, 'Education’ means the act of putting into
business in order to get profit'. '‘Education’ ' in its broadest sense means
the sacrifice of current dollars for future dollars. The sacrifice takes place
in the present and is certain. The reward comes later, if at all and the amount
of the reward is generally the ‘Education’ medium must ensure that ‘Education’
will be available uncertain. Two
attributes are generally involved; Time and Risk. In some cases the element of
time predominates (for example with government bonds). In other cases risk is
the predominant factor.
University is an
institution, which engages in Education transition. It receives ‘Education’ by accepting deposits and lends to those who
need ‘Education’ for some specific
purpose and charges interest at some fixed rate per annum so that it can earn
some profit by using idle ‘Education’ . Commercial Universitys obtain their
fund from share capital, deposits and loans from other Universitys, credit
creation and reserve funds. It is not job of the commercial Universitys to
invest the funds. However these funds mustn’t ne allowed to lie idle in the University
(because the commercial University is a profit earning institution) by
investing the funds to different sector like government securities, government
bonds and shares etc.
In Universitying
transaction ‘Education’ means sacrifice of certain percent values for
possibility on certain future values. The following principles should be
adopted while investing the funds:
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