Definition, Meaning & Synonyms
discretionary fund
noun
/dɪsˈkrɛʃənəri fʌnd/
Definition
A discretionary fund is a pool of money that can be used for various purposes at the discretion of the fund manager or organization.
Examples
- The school set up a discretionary fund to support students in need.
- In times of crisis, the company used its discretionary fund to cover unexpected costs.
- Nonprofits often rely on discretionary funds to adapt to changing needs.
Meaning
It allows for flexibility in spending without strict rules, often used for expenses that are not predetermined.
Synonyms
- Flexible fund
- Contingency fund
- Emergency fund
