Fund

/fʌnd/ noun

Definition

A fund is a sum of money saved or collected for a special purpose, such as a project, emergency, or investment. It can also mean money managed by a group or company on behalf of others.

Etymology

“Fund” comes from Latin “fundus,” meaning “bottom, base, or foundation,” through French “fond,” meaning “stock or resources.” The idea is that money provides a base or support for future actions.

Kelly Says

When you put money in a fund, you’re quietly voting for what you think should exist in the future—like retirement, college, or a new business. Big investment funds can shape entire industries by deciding which ideas get enough fuel to grow.

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