Definify.com

Webster 1913 Edition

Fund

Fund

,
Noun.
[OF.
font
,
fond
, nom.
fonz
, bottom, ground, F.
fond
bottom, foundation,
fonds
fund, fr. L.
fundus
bottom, ground, foundation, piece of land. See
Found
to establish.]
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

,
Verb.
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
.

Webster 1828 Edition

Fund

FUND

,
Noun.
[L. fundus, ground bottom, foundation; connected with L. fundo, to found, the sense of which is to throw down, to set, to lay. Heb. to build. L. funda, a sling, a casting net or purse.]
1.
A stock or capital; a sum of money appropriated as the foundation of some commercial or other operation, undertaken with a view to profit, and by means of which expenses and credit are supported. Thus the capital stock of a banking institution is called its fund; the joint stock of a commercial or manufacturing house constitutes its fund or funds; and hence the word is applied to the money which an individual may possess, or the means he can employ for carrying on any enterprise or operation. No prudent man undertakes an expensive business without funds.
2.
Money lent to government, constituting a national debt; or the stock of a national debt. Thus we say, a man is interested in the funds or public funds, when he owns the stock or the evidences of the public debt; and the funds are said to rise or fall, when a given amount of that debt sells for more or less in the market.
3.
Money or income destined to the payment of the interest of a debt.
4.
A sinking fund is a sum of money appropriated to the purchase of the public stocks or the payment of the public debt.
5.
A stock or capital to afford supplies of any kind; as a fund of wisdom or good sense; a fund of wit. Hence.
6.
Abundance; ample stock or store.

FUND

, v.t.
1.
To provide and appropriate a fund or permanent revenue for the payment of the interest of; to make permanent provision of resources for discharging the annual interest of; as, to fund exchequer bills or government notes; to fund a national debt.
2.
To place money in a fund.

Similar Results