fund

Vocabulary Word

Definition

A 'fund' is a pool of money set aside for a special purpose. It's like saving money in different jars for different needs - a vacation fund or an emergency fund.

Examples in Different Contexts

In the financial industry, a 'fund' can be an investment vehicle pooling money from various investors. A financial analyst might state, 'The mutual fund has consistently outperformed its benchmark.'

Practice Scenarios

Creative

Scenario:

The artists we're currently showcasing could use more exposure. We could consider providing financial support.

Response:

A crowdfunding campaign could help us raise the necessary funds to support local artists.

Impact

Scenario:

Disaster-stricken areas are in urgent need of our support. Raising more money could significantly help the victims.

Response:

We should initiate a donation drive to fund relief operations in the disaster-hit areas.