Reserve Fund Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Reserve Fund, written in plain English, along with examples of how it is used.
What is Reserve Fund?
(n) A reserve fund is the money en-marked or kept apart for attaining specific goals in future as and when it occurs so that the event can be met without difficulty. For example housing cooperatives society maintains reserve fund for repairs, corporation maintains reserve fund for debenture redemption etc so that when it is actually required to do it can be done without affecting the normal operations