Business, Legal & Accounting Glossary
n. a fund of money created to take care of maintenance, repairs or unexpected expenses of a business or a multi-unit housing development (often condominiums or a housing cooperative) operated by a homeowners association or other governing body.
Most US states require that homeowners associations maintain such a fund.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Reserve Fund are sourced/syndicated and enhanced from:
This glossary post was last updated: 30th April, 2020 | 0 Views.