What is the meaning of sponsor bank?
Similarly, it is asked, what do you mean sponsor?
sponsor. A sponsor provides support for someone or something, typically by supplying cash. The word sponsor stems from the Latin word spondre, meaning "give assurance, promise solemnly." A sponsor might support an important issue such as cancer research or education, or a sponsor might take responsibility for someone.
Additionally, what is a sponsor fee? Definition. Sponsorship is a cash and/or in-kind fee paid to a property (typically in sports, arts, entertainment or causes) in return for access to the exploitable commercial potential associated with that property. Unlike advertising, sponsorship can not communicate specific product attributes.
Subsequently, one may also ask, what does Sponsor mean in finance?
A financial sponsor is a private equity investment firm, particularly a private equity firm that engages in leveraged buyout transactions.
What is a personal sponsor?
Personal sponsorships offer financial support for a specific individual. Personal sponsors usually want to help a person achieve something positive, enriching or uplifting, such as finishing college or winning a competition.