general-purpose fund Meaning in the Cambridge English Dictionary

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

"general-purpose fund" in Business English

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general-purpose fundnoun [C]

uk   us   FINANCE
an investmentfund that ​invests in a ​range of ​shares, ​bonds, etc. rather than in just one ​type: This is a ​general-purposefund that ​invests in ​listedequity, ​debt, ​realestate, and ​privateequity.
an ​amount of ​moneysaved or ​collected for different things, rather than one particular thing: The ​money will be put towards the college's ​general-purposefund.
(Definition of general-purpose fund from the Cambridge Business English Dictionary © Cambridge University Press)
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“general-purpose fund” in Business English

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