fund
pronunciation
How to pronounce fund in British English:
UK [fʌnd]
How to pronounce fund in American English:
US [fʌnd]
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- Noun:
- a reserve of money set aside for some purpose
- a supply of something available for future use
- a financial institution that sells shares to individuals and invests in securities issued by other companies
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- Verb:
- convert (short-term floating debt) into long-term debt that bears fixed interest and is represented by bonds
- place or store up in a fund for accumulation
- provide a fund for the redemption of principal or payment of interest
- invest money in government securities
- accumulate a fund for the discharge of a recurrent liability
- furnish money for
Word Origin
- fund
- fund: [17] Latin fundus meant ‘bottom’. English originally acquired it via French as fond, and in the course of the 17th century re-latinized it to fund. The literal meaning ‘bottom’ was retained until the mid 18th century (‘a Glass-Bubble fix’d to the Fund of a Vessel’, British Apollo 1709), but gradually it gave way to the metaphorical ‘basic supply, particularly of money’. From fundus was derived the Latin verb fundāre ‘lay the bottom for, establish’ (source of English found), and the next step on from this was the noun fundāmentum ‘bottom part, foundation’, which gave English fundament [13] and fundamental [15].=> found, fundament
- fund (n.)
- 1670s, "a bottom, the bottom; foundation, groundwork," from French fond "a bottom, floor, ground" (12c.), also "a merchant's basic stock or capital," from Latin fundus "bottom, foundation, piece of land," from PIE root *bhudh- "bottom, base" (cognates: Sanskrit budhnah, Greek pythmen "foundation, bottom," Old English botm "lowest part;" see bottom (n.)). Meaning "stock of money or wealth available for some purpose" is from 1690s; sense of "store of anything to be drawn upon" is from 1704. Funds "money at one's disposal" is from 1728.
- fund (v.)
- 1776, "convert (a debt) into capital or stock represented by interest-bearing bonds," from fund (n.). Meaning "supply (someone or something) with money, to finance" is from 1900.
Example
- 1. Fund managers support the change .
- 2. Banks need to issue debt to fund their operations .
- 3. It used its profits from those businesses to fund new ventures in exploration and production .
- 4. A decade ago , my credit cards were my emergency fund .
- 5. We had to write a new aid formula , then fund it .