Reading Theme:
Fund Definition, Usage & Financial Context (2 meaning)
Meaning 1:reserved money (fund)
fund
/fʌnd/
n.
An amount of money that is collected or saved to be used for a particular purpose.
reserved money
➕
/rɪˈzɜːvd ˈmʌni/
n.
A sum of money saved or collected for a specific objective or project.
📘 Details & Usage
📖 Root Explanation
From Latin 'fundus' meaning 'bottom' or 'foundation', later extended to 'financial base'.
💡 Mnemonic
FUNds are for FUNctional purposes. Think of the 'D' as for Dollars set aside for a specific D-uty.
📖 Example
The local government set aside a special fund to build a new public library in the community.
The local government set aside a special fund to build a new public library in the community.
🔗 Collocations
set up a fund – To establish a dedicated pool of money for a purpose.
emergency fund – Money saved specifically for unforeseen expenses or crises.
trust fund – A legal arrangement where money is held and managed for the benefit of another person.
🔄 Synonyms
🚫 Antonyms
🌱 Derivatives
📖 Cultural Story
The word entered English in the 17th century via finance, from the idea of a 'bottom' or 'stock' of money. It became central to modern investment culture, with terms like 'hedge fund', 'mutual fund', and 'sovereign wealth fund' shaping global economics.
Meaning 2:managed pool of money (fund)
fund
/fʌnd/
n.
A pool of money that is managed and used for a specific purpose, like charity or retirement.
managed pool of money
➕
/ˈmænɪdʒd puːl əv ˈmʌni/
n.
An organized investment vehicle where money from many people is pooled and professionally managed for goals like growth or income.
📘 Details & Usage
📖 Example
She contributes a small amount of her salary every month to a retirement fund to secure her future.
She contributes a small amount of her salary every month to a retirement fund to secure her future.
🔗 Collocations
mutual fund – An investment program funded by shareholders that trades in diversified holdings.
pension fund – A fund that collects and invests employee and employer contributions to provide retirement income.
hedge fund – A private investment partnership that uses aggressive strategies to generate high returns.
🔄 Synonyms
investment fund (n.) – A general term for a vehicle that pools capital for collective investment.
portfolio (n.) – A range of investments held by a person or organization.
🚫 Antonyms
debt (n.) – Money owed.
🌱 Derivatives
fund manager (n.) – A person responsible for implementing a fund's investing strategy.
Wordbook
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