| 单词 | fund |
| 释义 | fund fund1. A resource managed on behalf of a client by a financial institution. fundamental term A term in a contract that is of such importance to the contract that to omit it would make the contract useless. Fundamental terms cannot be exempted from a contract, whereas lesser terms, known as conditions and warranties, can be exempted by mutual consent. funded debt1. The part of the national debt that the government is under no obligation to repay by a specified date. This consists mostly of Consols. Comparefloating debt. See alsofunding operations. funded pension scheme A pension scheme that pays benefits to retired people from a pension fund invested in securities. The profits produced by such a fund are paid out as pensions to the members of the scheme. Comparepay-as-you-go pension system. |
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