This is about a corpus fund.

0

Which is correct?  

 

The Corpus Fund will be a capital amount maintained as a fixed deposit in any a nationalized bank and the accrued interest and returns only will be utilized for the set objectives.

 

or

 

The corpus fund will be a capital amount maintained as a fixed deposit in any a nationalized bank and the accrued interest and returns only will be utilized for the set objectives.

asked Nov 12 '13 at 09:44 Maria Ferns New member

2 answers


1

'Corpus Fund' appears to be a proper noun, so it should be capitalized. You need a comma after 'bank'.  I would put 'only' after the 'and'.

 

The Corpus Fund will be a capital amount maintained as a fixed deposit in any a nationalized bank, and only the accrued interest and returns will be utilized for the set objectives.

link comment answered Nov 12 '13 at 12:22 Lewis Neidhardt Grammarly Fellow
1

A corpus fund is not really a proper noun, though it would be capitalizaed as the name of an account on an organization's chart of accounts.  A corpus fund is a permanent fund that an organization keeps.  It is the capital of the organization.  By definition, only the earnings on the account are spent.  So I would move "only" back in the sentence to indicate that they will be spent only on certain things. 

 

I would delete the word amount.  Use capital as a noun.

 

Only one article is needed before nationalized.

 

Switch "only will" to "will only".

 

The corpus fund will be capital maintained as a fixed deposit in a nationalized bank, and the accrued interest and returns will only be utilized for the set objectives.

link comment answered Nov 12 '13 at 15:51 Patty T Grammarly Fellow

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