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trust fund |
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trust fund n. the principal (called the corpus) of a trust made up of its assets and, sometimes, accumulated profits. (See: trust) |
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8 million of their hard-won waterway trust fund monies hijacked to shore up the state's budget, but there was little they could do to stop it. On the same day, Letter 1153, Notice of Proposed Assessment, was issued and mailed by certified mail to all of the officers listed on Form 4183, Recommendation of Assertion of Trust Fund Penalty, as responsible for the penalty. That's only enough to hire five of the 1,740 new officers the public safety trust fund is supposed to pay for. |
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trust fund
