5/18/2009 Word of the day: fund


Ran into this one in a context where it clearly meant ‘bottom.’ I didn’t know it could mean that. Turns out it comes from Latin, fundus, meaning either a bottom or a piece of land.

fund:

NOUN, 1. A source of supply; a stock: a fund of goodwill. 2a. A sum of money or other resources set aside for a specific purpose: a pension fund. 2b. funds Available money; ready cash: short on funds. 3. funds The stock of the British permanent national debt, considered as public securities. Used with the. 4. An organization established to administer and manage a sum of money.

TRANSITIVE VERB: 1.To provide money for paying off the interest or principal of (a debt). 2. To convert into a long-term or floating debt with fixed interest payments.  3. To place in a fund for accumulation. 4. To furnish a fund for: funded the space program.

ETYMOLOGY: Latin fundusbottom, piece of land.

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