Fund Meaning
Fund Definition & Usage
A sum of money saved, invested, or allocated for a particular purpose.
Examples
- "The company has set up a new fund for environmental initiatives."
- "She invested her savings into a retirement fund."
- "The government announced a new fund to support local businesses."
- "Charities often rely on donations to build their funds."
- "They are seeking a fund to help children from disadvantaged backgrounds."
To provide money for a particular purpose or project.
Examples
- "The government will fund the construction of new roads."
- "He was able to fund his education through scholarships."
- "They are trying to fund the project through private donations."
- "The nonprofit was struggling to fund its community programs."
- "The bank agreed to fund the development of a new tech startup."
A pool of money collected from investors, used for a specific business purpose or investment strategy.
Examples
- "He decided to invest in a mutual fund for more diversified exposure."
- "The hedge fund earned impressive returns this year."
- "Venture capitalists often look for high-growth companies to fund."
- "They established a fund for small business ventures."
- "The fund's goal is to invest in renewable energy projects."
Cultural Context
The word 'fund' has its origins in the Latin word 'fundare,' meaning 'to lay the foundation.' Over time, its meaning expanded in financial contexts to include pools of money designated for specific purposes. In modern usage, the word is widespread across many areas of life, from personal finance and business to government and charitable endeavors.
The Green Fund
Story
The Green Fund
Once upon a time, in a bustling city, there was a young entrepreneur named Ella who wanted to make a difference in the world. She had always been passionate about environmental conservation and believed that every small action could lead to big change. One day, Ella attended a meeting with investors to pitch her latest idea—a project to build solar-powered homes in the heart of the city. Her proposal was ambitious, and she knew she needed a substantial amount of money to bring her vision to life. 'We could really use a fund to support this,' Ella said, pacing nervously in front of the investors. 'The funds will cover everything—from the initial designs to the actual construction of the homes.' The investors nodded, impressed with the idea but still cautious. After some deliberation, one of them, Mr. Jones, leaned forward. 'We believe in this idea, Ella. We will fund the project, but we expect a detailed plan on how the money will be spent.' Ella smiled. 'Thank you. This fund will not only make the project possible but will also pave the way for future sustainability efforts.' As the project took off, Ella's 'green fund' began to grow, attracting attention from local and international environmental groups. The fund was used to purchase land, hire workers, and invest in green technology. As time passed, the homes were built, and the project exceeded everyone's expectations. But the success of the solar-powered homes wasn't the only benefit. Ella, with her new found success, continued to fund other community initiatives, like urban gardening and tree planting programs, using the profits from her initial fund. The city began to change, and soon, people from all over the country came to learn about the 'green fund' that had sparked such a positive transformation. Ella’s journey wasn’t easy, but through determination and the right funding, she was able to build a lasting impact. And that, she realized, was the true power of a well-managed fund.
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