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general-purpose fund UK US noun [C] FINANCE
► an investment fund that invests in a range of shares, bonds, etc. rather than in just one type: »
This is a general-purpose fund that invests in listed equity, debt, real estate, and private equity.
► an amount of money saved or collected for different things, rather than one particular thing: »
The money will be put towards the college's general-purpose fund.
Financial and business terms. 2012.