公共积累
housing provident fund; company reserves
Meanings
2 senses · 5 examplesnoun
housing provident fund; mandatory savings for housing
formalA social security system common in China where both employers and employees make monthly contributions. The funds are used for housing-related expenses like purchasing a home, building a house, or paying a mortgage.
The company deducts a portion from his salary each month for the housing provident fund.
He used a housing provident fund loan to buy an apartment.
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Can the money in the housing fund account be used to pay rent?
noun
reserves; retained earnings; surplus funds
formalRefers to the portion of a company's profit that is kept and reinvested in the business, rather than distributed to shareholders as dividends.
The company decided to transfer part of this year's profit to reserves.
Statutory reserves must be allocated in accordance with legal requirements.