Fund (finance)
From Citizendium - Reading time: 1 min
Fund (finance) [r]: (i) (noun) A sum of money that is put aside for a specified purpose (such as "sinking fund" for the repayment of a debt). (ii) (noun) A professionally managed collection of financial assets. (iii) (verb) To provide financial resources to pay for a project. (iv)(verb) To convert short-term debt into long-term debt. [e]
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