Business / Real Estate / Reserve Fund: Monies a lender will often require a borrower to set aside as a cushion of capital for future payment of items such as taxes, insurance, furniture replacement and deferred maintenance. Sometimes a reserve fund is referred to as an impound account or customers trust fund. Replacement reserves should be maintained especially when the owner is installing items having a short life expectancy-for example, appliances, furniture or carpeting in a furnished apartment.
Fund Noun Synonyms: finance, back, capitalize, stake, support, pay for, endow, grant, subsidize
Fund Adjective Synonyms: supply, stock, reserve, store, pool, cache, reservoir, repository, mine
Reserve Noun Synonyms: keep or hold (back), withhold, save, set or put aside, conserve, preserve, retain, keep (to or for oneself), hold over, postpone, delay, put off, defer
Reserve Verb Synonyms: reticence, (self-)restraint, (self-)control, taciturnity, aplomb, formality, coolness, aloofness, guardedness, standoffishness, remoteness, detachment
Health / Health Insurance / Plan Funding: The method that an employer or other payor or purchaser uses to pay medical benefit costs and administrative expenses. MORE