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reserve fund |
Also found in: Dictionary/thesaurus, Medical, Financial, Wikipedia, Hutchinson | 0.04 sec. |
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reserve fund 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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reserve fund
