Reserve fund

Reserve fund,

Definition of Reserve fund:

  1. A fund kept as a reserve, especially by a bank or other financial institution; also in plural.

  2. A reserve fund sets aside money for covering scheduled, routine and unscheduled expenses that would otherwise be drawn from a general fund. Governments, financial institutions, and private households may establish reserve funds.

  3. An account maintained to provide funds for anticipated expenditures to maintain a building. Reserve funds are typically held in escrow.

  4. A reserve fund is a savings account or other highly liquid asset set aside by an individual or business to meet any future costs or financial obligations, especially those arising unexpectedly. If the fund is set up to meet the costs of scheduled upgrades, less liquid assets may be used. For example, a homeowner's association often manages a reserve fund to help maintain the community and its amenities using the dues paid by homeowners.

How to use Reserve fund in a sentence?

  1. A reserve fund is savings or a liquid asset set aside to cover unexpected costs or future financial obligations.
  2. Pensions are examples of reserve funds as money is invested on behalf of members and paid in the future.
  3. Homeowner's associations (HOA) and condominiums use reserve funds to address maintenance issues and large-scale projects.
  4. Many governments, financial institutions, and individuals regularly set aside funds into accounts that earn interest.

Meaning of Reserve fund & Reserve fund Definition

Reserve Fund,

Reserve Fund Definition:

  1. A reserve fund is a savings account or other highly liquid asset that an individual or entity holds to meet future financial expenses or obligations, including those that arise unexpectedly. If funds are available to cover the cost of planned updates, less money can be used. For example, homeowners' associations usually have a reserve fund to support this community and its services using the fees paid by the owners.

    • A reserve fund is a savings or net asset that is allocated to cover future unforeseen expenses or financial obligations.
    • Many governments, financial institutions and individuals regularly hold funds in interest-bearing accounts.
    • An annual amount is an example of a reserve fund because this amount is invested by the member and paid in the future.
    • The Homeowners' Association (HOA) and condominiums use reserve funds to address important rehabilitation issues and projects.

Literal Meanings of Reserve Fund

Reserve:

Meanings of Reserve:
  1. Avoid using (or throwing away) anything to keep for future use.

  2. It is not necessary to supply the product for immediate use, but it is available when needed.

  3. A contingent or contingent of forces that is unable to strengthen or protect others or will strengthen the permanent and available armed forces in an emergency.

  4. An extra player who replaces the team.

  5. A specific place for a specific purpose.

  6. Lack of warmth or openness in style and expression.

  7. Abbreviation of reserve price

  8. Areas (in ceramic or textile decoration) that retain the original color of the material or background color.

Sentences of Reserve
  1. Open half the dough and save the other half

  2. Australia has significant reserves of coal, gas and uranium

  3. These people are kept as central reservoirs and can be moved anywhere.

  4. I was a prostitute for the World Cup team

  5. There are many areas where land is allocated, but which is now being used for different purposes.

  6. He smiled and part of his stock melted

  7. No reservations have been made, although more than 3.5 million is expected when the pub goes up for auction on November 8.

  8. Handwriting decoration with backup design on a black background was probably first developed in the tinbridge equipment industry.

Synonyms of Reserve

self-containment, additional troops, store, keep back, stand-in, reserves, accumulation, stock, put aside, reticence, set aside, fresh troops, second-string, stockpile, additional police, supplementaries, self-restraint, put to one side, restraint, lay aside, fallback, substitute, supply, pool, emergency, relief, replacement, bank

Fund:

Meanings of Fund:
  1. The amount of savings or money available for a specific purpose.

  2. Pay for a specific purpose.

Sentences of Fund
  1. Created a fund to coordinate economic investment

  2. The World Bank refused to finance the project

Synonyms of Fund

provide finance for, pay for, back, put up the money for, sponsor, subsidize, endow, kitty, reserve, float, purse, finance, pool, underwrite, be a patron of, capitalize, provide capital for, collection, maintain, support