reserve fund
- A pool of money set aside by a business or housing development for costs like maintenance, repairs, or unexpected expenses, controlled by a homeowners' association or similar entity
- The homeowners' association used the reserve fund to repair the community pool.
- When the elevator in the condominium building broke, the reserve fund was used to cover the repair costs.
- The business tapped into its reserve fund to cover unexpected expense due to an emergency.
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