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.

Source: Webster's Revised Unabridged Dictionary (1913)
 

Fund \Fund\, n. [OF. font, fond, nom. fonz, bottom, ground, F. fond bottom, foundation, fonds fund, fr. L. fundus bottom, ground, foundation, piece of land. See Found to establish.]

1. An aggregation or deposit of resources from which supplies are or may be drawn for carrying on any work, or for maintaining existence.

2. A stock or capital; a sum of money appropriated as the foundation of some commercial or other operation undertaken with a view to profit; that reserve by means of which expenses and credit are supported; as, the fund of a bank, commercial house, manufacturing corporation, etc.

3. pl. 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.

Source: Webster's Revised Unabridged Dictionary (1913)