Meaning of “general-purpose fund” in the English Dictionary

"general-purpose fund" in Business English

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general-purpose fundnoun [ C ]


an investment fund that invests in a range of shares, bonds, etc. rather than in just one type:

an amount of money saved or collected for different things, rather than one particular thing:

The money will be put towards the college's general-purpose fund.

(Definition of “general-purpose fund” from the Cambridge Business English Dictionary © Cambridge University Press)