{"id":361341,"date":"2013-01-28T16:34:14","date_gmt":"2013-01-28T21:34:14","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/dictionary\/definition\/fund.html"},"modified":"2013-01-28T16:34:14","modified_gmt":"2013-01-28T21:34:14","slug":"fund","status":"publish","type":"dictionary","link":"https:\/\/dictionary.findlaw.com\/definition\/fund.html","title":{"rendered":"Fund"},"content":{"rendered":"\n
\n

term:<\/p>\n

<\/h1>\n\n
\n

n<\/p><\/dt>\n

1<\/b> :<\/b> a sum of money or other resources whose principal or interest is set aside for a specific objective <\/p>\n

cli·ent security fund<\/b>
:<\/b> a fund established by each state to compensate clients for losses suffered due to their attorneys’ misappropriation of funds <\/p>\n

common trust fund<\/b>
:<\/b> an in-house trust fund established by a bank trust department to pool the assets of many small trusts for greater diversification in investing <\/p>\n

executor fund<\/b>
:<\/b> a fund established in estate planning to provide for the payment of final expenses by an executor <\/p>\n

joint wel·fare fund<\/b>
:<\/b> a fund that is established by collective bargaining to provide health and welfare benefits to employees and that is jointly administered by representatives of labor and management <\/p>\n

paid-in fund<\/b>
:<\/b> a reserve cash fund in lieu of a capital stock account set up by mutual insurance companies to cover unforeseen losses <\/p>\n

sink·ing fund<\/b>
:<\/b> a fund set up and accumulated by regular deposits for paying off the principal on a debt or for other specified purposes (as self-insurance) <\/p>\n

strike fund<\/b>
:<\/b> a fund accumulated by a union through special assessments or from general funds and used to pay striking workers or for other strike-related activities <\/p>\n

Taft-Hart·ley fund<\/b>
[taft-hÄ rt-lē-]
[after the Taft-Hartley Act of 1947, which established it]
:<\/b> joint welfare fund <\/a> in this entry <\/p>\n

trust fund<\/b>
:<\/b> property (as money or securities) settled or held in a trust
2<\/b> :<\/b> an organization administering a special fund <\/p>\n

growth fund<\/b>
:<\/b> a mutual fund that invests in the stock of growth companies <\/p>\n

hedge fund<\/b>
:<\/b> an investing group usually in the form of a limited partnership that employs speculative techniques in the hope of obtaining large capital gains <\/p>\n

index fund<\/b>
:<\/b> a mutual fund that invests to reflect the composition of the market as a whole by matching its investments to a stock index <\/p>\n

mu·tu·al fund<\/b>
:<\/b> an investment company that invests its shareholders’ money in a usually diversified group of securities of other companies <\/p>\n

vul·ture fund<\/b>
:<\/b> an investment company that buys up bankrupt or insolvent companies with the goal of reorganizing them so they can be profitably resold as going concerns
vt 1 a<\/b> :<\/b> to make provision of resources for discharging the principal or interest of
b<\/b> :<\/b> to provide financial resources for
2<\/b> :<\/b> to place in a fund
3<\/b> :<\/b> to convert into a debt that is payable either at a distant date or at no definite date and that bears a fixed interest <\/p>\n<\/dd>\n<\/dl>\n

Source: Merriam-Webster’s Dictionary of Law \u00a91996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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