3. pl.
Defn: The stock of a national debt; public securities; evidences (stocks or bonds) of money lent to government, for which interest is paid at prescribed intervals; — called also public funds.
4. An invested sum, whose income is devoted to a specific object; as, the fund of an ecclesiastical society; a fund for the maintenance of lectures or poor students; also, money systematically collected to meet the expenses of some permanent object.
5. A store laid up, from which one may draw at pleasure; a supply; a full provision of resources; as, a fund of wisdom or good sense. An inexhaustible fund of stories. Macaulay. Sinking fund, the aggregate of sums of money set apart and invested, usually at fixed intervals, for the extinguishment of the debt of a government, or of a corporation, by the accumulation of interest.
FUND
Fund, v. t. [imp. & p. p. Funded; p. pr. & vb. n. Funding.]
1. To provide and appropriate a fund or permanent revenue for the payment of the interest of; to make permanent provision of resources (as by a pledge of revenue from customs) for discharging the interest of or principal of; as, to fund government notes.
2. To place in a fund, as money.
3. To put into the form of bonds or stocks bearing regular interest; as, to fund the floating debt.
FUNDABLE
Fund"a*ble, a.
Defn: Capable of being funded, or converted into a fund; convertible into bonds.