Simple English definitions for legal terms
Read a random definition: QEF
A public fund is money that belongs to the government. It can be coins, paper money, or even bank deposits. The government uses this money to pay for things like schools, roads, and hospitals. Sometimes, people can get money from a public fund if they have been hurt in a car accident caused by someone who didn't have insurance.
Definition: A sum of money or other liquid assets established for a specific purpose, which includes coins, paper, bank deposits, and instruments representing investments of public money.
Examples:
These examples illustrate how public funds are established for specific purposes and can be used to support government operations, pay for unforeseen expenses, or compensate people for losses. Public funds can include various types of assets, such as coins, paper, bank deposits, and investment instruments.