Words / B1

FUND/fʌnd/

A fund is an amount of money saved or collected for a particular purpose: a scholarship fund; a pension fund; raise funds. Money is general; a budget is a spending plan; a grant as a noun is money officially given, not the B1 verb grant. Funds (plural) often means the money available: insufficient funds. As a verb: fund a project means pay for it. Fundraising is the activity of collecting money, often for a charity.

Meaning

An amount of money saved or collected for a particular purpose.

Examples

• “They set up a fund to help the hospital.”
• “A scholarship fund pays the fees for two students each year.”
• “The club is raising funds for new kit.”

Good to know

raise funds. a scholarship / pension fund. Plural: funds = money available. Verb: fund a project. Plan: budget.

Near in meaning

budget

New