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  2. A fund is a pool of money that is allocated for a specific purpose. A fund can be established for many different purposes: a city government setting aside money to build a new civic center, a college setting aside money to award a scholarship, or an insurance company that sets aside money to pay its customers’ claims.
    www.investopedia.com/terms/f/fund.asp
    A fund is cash saved or collected for a specified purpose, often professionally managed with the goal of growing the value of the fund over time.
    www.nerdwallet.com/article/investing/fund
    A fund is a collection of different people's money, collected & managed by high market professionals. They accumulated and invested the money in various stocks, bonds, and other securities to provide better returns. The money earned in the form of returns is distributed among investors in proportion to the number of units they own.
    economictimes.indiatimes.com/definition/fund
    funds [ plural ] the financial resources that a business, organization, or project has available: raise/provide/generate funds A new shares issue was launched to raise funds for the acquisition.
    dictionary.cambridge.org/us/dictionary/english/fund
     
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