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 a corporate context, 'fund' can refer to a company's financial reserves. A CFO might mention, 'We have allocated a significant fund for our next acquisition.'

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.

Business

Scenario:

There has been an increase in project costs and we need to consider reserving more resources for it.

Response:

If we adjust our budget, we can create a separate fund for these unexpected project costs.