Fund

A 'fund' represents a sum of money or resources allocated or accumulated for a specific purpose. It can be an organized pool of capital set aside for investment, a financial reserve for covering expenses, or a grant provided to support a project or activity. Funds are often managed according to a defined set of rules and objectives, ensuring they are used responsibly and effectively to achieve the intended outcome. They provide the necessary financial backing to enable projects, organizations, or individuals to pursue their goals and objectives, ranging from scientific research to charitable endeavors, and business investments.

Fund meaning with examples

• The university established a research Fund dedicated to supporting innovative projects in renewable energy, allowing scientists to apply for grants to further their investigations.
• The company created a contingency Fund to cover unexpected expenses and maintain financial stability during times of economic uncertainty, safeguarding them from potential disruptions.
• An endowment Fund was established to provide ongoing financial support for the museum's educational programs, guaranteeing free admission for children and families in the community.
• Investors pooled their resources to create a venture capital Fund, focused on providing seed money to promising startups in the technology sector, supporting innovative business ventures.