fund

fund   (fŭnd)    n.   A source of supply; a stock: a fund of goodwill. A sum of money or other resources set aside for a specific purpose: a pension fund. funds Available money; ready cash: short on funds. funds The stock of the British permanent national debt, considered as public securities. Used with the. An organization established to administer and manage a sum of money. tr.v.   fund·ed, fund·ing, funds To provide money for paying off the interest or principal of (a debt). To convert into a long-term or floating debt with fixed interest payments. To place in a fund for accumulation. To furnish a fund for: funded the space program. [Latin fundus, bottom, piece of land.]

fund  (n.)

fund

See mutual fund.

Main Entry: fund
Function: noun
1 : a sum of money or other resources whose principal or interest is set aside for a specific objective

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cli·ent security fund
: a fund established by each state to compensate clients for losses suffered due to their attorneys' misappropriation of funds

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common trust fund
: an in-house trust fund established by a bank trust department to pool the assets of many small trusts for greater diversification in investing

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executor fund
: a fund established in estate planning to provide for the payment of final expenses by an executor

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joint wel·fare fund
: a fund that is established by collective bargaining to provide health and welfare benefits to employees and that is jointly administered by representatives of labor and management

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paid–in fund
: a reserve cash fund in lieu of a capital stock account set up by mutual insurance companies to cover unforeseen losses

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sink·ing fund
: a fund set up and accumulated by regular deposits for paying off the principal on a debt or for other specified purposes (as self-insurance)

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strike fund
: a fund accumulated by a union through special assessments or from general funds and used to pay striking workers or for other strike-related activities

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Taft–Hart·ley fund
/'taft-'härt-lE-/
Etymology: after the Taft-Hartley Act of 1947, which established it
: JOINT WELFARE FUND in this entry

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trust fund
: property (as money or securities) settled or held in a trust
2 : an organization administering a special fund

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growth fund
: a mutual fund that invests in the stock of growth companies

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hedge fund
: an investing group usually in the form of a limited partnership that employs speculative techniques in the hope of obtaining large capital gains

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index fund
: a mutual fund that invests to reflect the composition of the market as a whole by matching its investments to a stock index

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mu·tu·al fund
: an investment company that invests its shareholders' money in a usually diversified group of securities of other companies

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vul·ture fund
: an investment company that buys up bankrupt or insolvent companies with the goal of reorganizing them so they can be profitably resold as going concerns