MLchartDataset catalogue

Reserve fund

Term · Law · MLC-T-LAW-004266

An account established by an organization, such as a condominium association or a municipality, to set aside money for future large-scale expenses or unexpected contingencies. These funds are typically accumulated through regular contributions from members or taxpayers. They provide financial stability for major repairs, replacements, or emergencies, rather than relying on special assessments.

Table 1. Record
IdentifierMLC-T-LAW-004266
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004266",
  "term": "Reserve fund",
  "field": "Law",
  "definition": "An account established by an organization, such as a condominium association or a municipality, to set aside money for future large-scale expenses or unexpected contingencies. These funds are typically accumulated through regular contributions from members or taxpayers. They provide financial stability for major repairs, replacements, or emergencies, rather than relying on special assessments.",
  "url": "https://mlchart.com/terminology/law/reserve-fund/"
}

Record 4,326 of 5,441 in Law terminology (MLC-0107). Request the full dataset.