accumulated production funds; public welfare funds
Meanings
2 senses · 8 examplesnoun
accumulated production funds; reserve funds for business expansion
formalUsed primarily in finance, accounting, and business contexts to refer to capital reserves set aside from profits for reinvestment into the enterprise's growth.
The company decided to transfer part of its profits into the reserve fund.
Accumulated funds are an important financial reserve for ensuring the long-term development of an enterprise.
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They plan to use the reserve funds to invest in new equipment.
noun
public welfare funds; long-term special funds for public benefits
formalRefers to mandatory or voluntary funds accumulated for specific public welfare purposes, with housing provident fund being the most common example. This usage is prevalent in social and governmental contexts.
The housing provident fund has helped many families purchase their first home.
There is enough money in my housing fund account to apply for a loan.
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Social welfare funds aim to improve public facilities.
The housing fund contributions paid monthly by employees are shared by the employer and the individual.
The municipal government is studying raising the contribution rate for the housing fund.