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English definition of “general-purpose fund”

general-purpose fund

noun [C]     FINANCE
an investment fund that invests in a range of shares, bonds, etc. rather than in just one type: This is a general-purpose fund that invests in listed equity, debt, real estate, and private equity.
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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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