What is Flow Of Funds?

In the context of municipal bonds, refers to the statement displaying the priorities by which municipal revenue will be applied to the debt. In the context of mutual funds, refers to the movement of money into or out of a mutual funds or between or among various fund sectors. Flow-through basisAn account for an investment credit to show all income statement benefits of the credit in the year of acquisition, rather than spreading them over the life of the asset.