These terms keep unlike amounts and stages from becoming misleading totals.
Authorization
Permission to invest up to an amount or within a range. It does not establish that money moved.
Manager funding
Money transferred into an investment manager’s account. It may be invested across several assets or held as cash.
Purchase and settlement
A purchase is a security transaction. Settlement is its completion through delivery and payment. Use the status and dates in the underlying records.
Holding
An asset shown in an account at a particular date. A later observation of the same holding does not create another purchase.
Par
The security’s face amount. It differs from its market value, purchase cost and income earned but not yet paid.
Accrued income
Interest earned but not yet received. Some account reports combine it with principal value; label that combined measure explicitly.
Liquidity and marketability
How readily an asset can be converted to cash, on what terms and with what price uncertainty. Transfer restrictions and lack of a secondary market can limit that ability.
Derived residual
A calculation from older evidence. Treasury’s conditional $50 million estimate subtracts a projected $5 million maturity from a $55 million historical statement. It assumes the maturity occurred and no other changes. The projection does not independently confirm proceeds or subsequent holdings.
Mixed-stage measure
A total combining different kinds of observations. The $125 million measure substitutes full ATRS manager funding for the security inside it; it is not $125 million in Israel Bonds holdings.
Fiduciary determination
In this campaign proposal, a written explanation connecting the acquisition to material financial risk, return and portfolio fit for the pension plan.