Accounting Terminology


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Endowment Expendable Code
An endowment expendable code, typically a WBS element found in the code series 39XXXXX (an "expendable fund"), is designated to receive endowment distributions (the "distributions") generated from a specific endowment cost center (code series 6XXXXXX). All distributions within an expendable fund must be used in accordance with the specific intent of the donor(s), set forth in the endowment agreement governing that endowment.
Expense Cost Center
Cost Centers in the 15xxxxx thru 180xxxx series.