Definition, Meaning & Synonyms
sufficient-funds
noun
/səˈfɪʃənt fʌndz/
Definition
Sufficient funds refer to the amount of money available in a bank account or financial resource that meets the necessary requirements for a transaction or expense.
Examples
- The bank confirmed that I had sufficient funds to proceed with the loan application.
- Before making a purchase, ensure that your account has sufficient funds.
- If you want to buy that new car, make sure you have sufficient funds saved up.
Meaning
Having enough money to cover a specific cost or obligation without resulting in an overdraft or insufficient balance.
Synonyms
- adequate funds
- ample resources
- satisfactory balance
- sufficient capital
