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Simple English definitions for legal terms

Reserve fund

Read a random definition: cui ante divortium

A quick definition of Reserve fund:

A reserve fund is money set aside to pay for future expenses that a business or housing development might need. This money is saved to cover things like repairs or unexpected costs. The reserve fund is usually controlled by the people in charge of the business or the homeowners' association. They make sure there is enough money in the fund by putting some of the revenue or fees into it regularly.

A more thorough explanation:

A reserve fund is a sum of money set aside to cover future expenses that may arise unexpectedly. This fund is usually held by businesses or multi-unit housing developments, such as condominiums or housing cooperatives. The reserve fund is typically very liquid and is managed by the organization's management or homeowners' association (HOA).

For instance, a condominium association may set aside a portion of the monthly fees paid by residents to ensure that there are enough funds to cover any unexpected repairs or maintenance. Similarly, a business may allocate a portion of its revenue to a reserve fund to cover any unforeseen expenses that may arise in the future.

One example of a reserve fund is the emergency fund that individuals set up to cover unexpected expenses such as medical bills or car repairs. This fund is usually kept in a separate account and is easily accessible in case of an emergency.

The reserve fund is an essential financial tool that helps organizations and individuals prepare for unexpected expenses and maintain financial stability.

Reservation | Reserved Power of Appointment

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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