fund
B1Pronunciation
UK
- /fˈʌnd/
US
- /ˈfənd/
Description
- money set aside
- provide money for
- source of support
- stored knowledge
A "fund" is usually money that has been set aside for a particular purpose. A school might have a scholarship fund, a family might keep an emergency fund, and a company might create a fund for a new project. The idea is simple: the money is there to be used when needed for that purpose.
"Fund" is also often used as a verb. A government may fund public transport, a charity may fund medical research, or investors may fund a new business. In a broader and less common sense, it can also mean a supply of something useful, as in a "fund of knowledge," meaning a large store of knowledge.
The word "fund" is most often used for an amount of money kept for a special purpose. That money may belong to a person, a group, a business, or a government. You might hear about a pension fund, a relief fund, a college fund, or an investment fund. In everyday use, it often suggests planning and support: money has been collected, saved, or reserved so that something important can be paid for later.
As a verb, "fund" means to provide the money for something. A city can fund a new bridge, a charity can fund a hospital program, and a private donor can fund a piece of research. This verb is very common in news, business, education, science, and public policy, where people often talk about who is funding a project and how much support it receives.
The word also has a broader figurative use. A person may have a "fund of knowledge" or a "fund of experience," meaning a large stored supply of something valuable that can be drawn on when needed. So while the word usually points to money, its wider idea is a supply of useful resources kept ready for use.
Examples
- 1
Emergency savings
She puts part of every paycheck into an emergency fund.
- 2
Disaster relief
The city created a fund for families who lost their homes in the fire.
- 3
School fundraising
Our class is trying to raise funds for the school trip.
Phrase
raise funds
collect money for something
- 4
Retirement investing
He keeps most of his retirement savings in an index fund.
Meaning
an index fund
a type of investment fund
- 5
Budget limits
We don't have enough funds to replace all the computers this year.
- 6
Grant support
The museum received a grant to fund the repair work.
- 7
Charity support
The project was funded by two local charities.
Pattern
be funded by + person/organization
get money from them
- 8
Business expansion
If sales improve next year, we can fund the expansion ourselves.
Forms and spellings
4 forms open this card.
Main spelling
- fundnounverb
Forms
- fundspluralnounverb
- funding-ing formverbnoun
- fundedpast tenseverbnoun