n. a fund of money created to take care of maintenance, repairs o...

A reserve fund is the amount reserved to provide funds for future expenses in order to maintain a cooperative or condominium building and is managed by the building's board.

See: FLOW OF FUNDS – Debt Service Reserve Fund and Reserve Maintenance Fund.

The fund of money that covers maintenance, repairs, or unexpected expenses of a business or a multiunit housing development (often condominiums or a housing cooperative), managed by a homeowners' [..]

Definition noun

Reserve fund is an amount of money set aside to cover unexpected circumstances. A homeowners association, for example, might have a reserve fund that's used to pay for periodic repairs. Financial [..]

A reserve fund is a fund of money created to take care of maintenance, repairs or unexpected expenses of a business or a multi-unit housing development, such as condominiums or a housing cooperative. [..]

n. fondo de reserva

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 a housing cooperative) operated by a homeowners associat [..]

This is a fund set up by the condominium corporation in a special account to cover the costs of major repairs and replacement of the common property elements over time. Usually it is at least 10 per c [..]

Reserve Fund Study completed to provide financial planning advice. The consulting service should consider the stated policies in the Declaration of Co-Ownership defining those components to be covered [..]