Funds placed in trust with a third party, by a borrower for a specific purpose and to be delivered to the borrower only upon the fulfillment of certain conditions.
Consumption Consumption is the using up of a resource. Discussions of human consumption of resources plays an important role in both economics and environmentalism. In Keynesian economics, consumption is short~hand for personal consumption expenditure and is determined by the consumption function, especially by the marginal propensity to consume. It is part...