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.
Fund, v. t. [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.
n 1: a reserve of money set aside for some purpose [syn: monetary
2: a supply of something available for future use; "he brought
back a large store of Cuban cigars" [syn: store, stock]
3: a financial institution that sells shares to individuals and
invests in securities issued by other companies [syn: investment
company, investment trust, investment firm]
v 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
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