A legal or natural person receiving financial support from a financial instrument.
|Article 2(12) CPR|
Union measures of financial support provided on a complementary basis from the budget to address one or more specific policy objectives of the Union. Such instruments may take the form of equity or quasi-equity investments, loans or guarantees, or other risk-sharing instruments, and may, where appropriate, be combined with grants.
|Article 2(p) FR; Article 37(7)(8)(9) CPR|
|Fund of funds||
A fund set up with the objective of contributing support from a programme or programmes to several financial instruments. Where financial instruments are implemented through a fund of funds, the body implementing the fund of funds shall be considered to be the only beneficiary.
|Article 2(27) CPR|
|Funding agreement||Contract governing the terms and conditions for contribution from ESIF programme to financial instrument. This will be established between a managing authority and the body that implements the fund of funds or between a managing authority or the body that implements the fund of funds and the body that implements the financial instrument.||Article 38(7) CPR|