n. a fund of money created to take care of maintenance, repairs or unexpected expenses of a business or a multi-unit housing development (often condominiums or a housing cooperative) operated by a homeowners association or other governing body. Most states require that homeowners associations maintain such a fund.
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http://dictionary.law.com/Default.xhtml?selected=1817
(from the article `marketing board`) Where products are produced primarily for export, the boards may seek protection from fluctuating world prices. In one approach, practiced widely in ...
Found on
http://www.britannica.com/eb/a-z/r/36
Is money set aside by a homeowners association to be used for major repairs or improvements.
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http://www.encyclo.co.uk/local/20965
(n) A reserve fund is the money en-marked or kept apart for attaining specific goals in future as and when it occurs so that the event can be met without difficulty. For example housing cooperatives society maintains reserve fund for repairs, corporation maintains reserve fund for debenture redemption etc so that when it is actually required to do ...
Found on
http://www.encyclo.co.uk/local/21213
Fund held by issuer or designated trustee for a portion of proceeds as required by law and the bond resolution. May not exceed 10% of the net proceeds of the bonds. Often is required on revenue bonds to maintain reasonably required reserve in the event of a shortfall in revenues to pay debt service.
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http://www.encyclo.co.uk/visitor-contributions.php
The fund of money that covers maintenance, repairs, or unexpected expenses of a business or a multiunit housing development (often condominiums or a housing cooperative), managed by a homeowners' association or other governing body.
Found on
http://www.nolo.com/dictionary/reserve-fund-term.html
No exact match found.
