reserve fund

Noun

Meaning

funds taken out of earnings to provide for anticipated future payments

Synonyms

Hypernyms

Hyponyms

Examples

That experience will come in handy with Minnesota facing a projected $4.7 billion shortfall for its 2022-23 budget due to the coronavirus pandemic, which is expected to wipe out the reserve fund in the current budget. Source: Internet

After a report on the building by the Lions Club and Community Hall Association, district council determined the most economic option was to complete minimal repairs and start a reserve fund dedicated to replacement, Johansson said. Source: Internet

Going into budget negotiations, Brown had proposed setting aside as much as $3.2 billion into the traditional reserve fund. Source: Internet

The funding for the Fir Street repaving project and the water line upgrade work came from the city’s reserve fund. Source: Internet

And then it came out that there was a reserve fund that the citizen budget committee didn't know about. Source: Internet

Chief Financial Office Holly Gross said under the proposed budget, the city would still have enough in its reserve fund to operate the city for three months, which is the recommended amount. Source: Internet

Close letter words and terms