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fund

3 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

Fund \Fund\, noun [OF. font, fond, nom. fonz, bottom, ground, F. fond bottom, foundation, fonds fund, fr. L. fundus bottom, ground, foundation, piece of land. See {Found} to establish.]

1. An aggregation or deposit of resources from which supplies are or may be drawn for carrying on any work, or for maintaining existence.

2. A stock or capital; a sum of money appropriated as the foundation of some commercial or other operation undertaken with a view to profit; that reserve by means of which expenses and credit are supported; as, the fund of a bank, commercial house, manufacturing corporation, etc.

3. pl. The stock of a national debt; public securities; evidences (stocks or bonds) of money lent to government, for which interest is paid at prescribed intervals; -- called also {public funds}.

4. An invested sum, whose income is devoted to a specific object; as, the fund of an ecclesiastical society; a fund for the maintenance of lectures or poor students; also, money systematically collected to meet the expenses of some permanent object.

5. A store laid up, from which one may draw at pleasure; a supply; a full provision of resources; as, a fund of wisdom or good sense.

An inexhaustible fund of stories. --Macaulay.

{Sinking fund}, the aggregate of sums of money set apart and invested, usually at fixed intervals, for the extinguishment of the debt of a government, or of a corporation, by the accumulation of interest.

From The Collaborative International Dictionary of English v.0.48 [gcide]:

Fund \Fund\, verb (used with an object) [imp. & p. p. {Funded}; p. pr. & vb. n. {Funding}.]

1. To provide and appropriate a fund or permanent revenue for the payment of the interest of; to make permanent provision of resources (as by a pledge of revenue from customs) for discharging the interest of or principal of; as, to fund government notes.

2. To place in a fund, as money.

3. To put into the form of bonds or stocks bearing regular interest; as, to fund the floating debt.

From WordNet (r) 3.0 (2006) [wn]:

fund

noun

1: a reserve of money set aside for some purpose [syn: {fund}, {monetary fund}]

2: a supply of something available for future use; "he brought back a large store of Cuban cigars" [syn: {store}, {stock}, {fund}]

3: a financial institution that sells shares to individuals and invests in securities issued by other companies [syn: {investment company}, {investment trust}, {investment firm}, {fund}]

verb

1: convert (short-term floating debt) into long-term debt that bears fixed interest and is represented by bonds

2: place or store up in a fund for accumulation

3: provide a fund for the redemption of principal or payment of interest

4: invest money in government securities

5: accumulate a fund for the discharge of a recurrent liability; "fund a medical care plan"

6: furnish money for; "The government funds basic research in many areas"

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Definitions retrieved from the Open Source DICT Webster's English and WordNet 3.0 dictionaries. Click here for database copyright information.

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