commonfund
nounUK /ˈkɒmən fʌnd/
US /ˈkɑːmən fʌnd/
A commonfund is money that many people put together to use for something they all share.
The neighbors started a commonfund to fix the playground.
OTHER MEANINGS
2. A shared investment pool managed for many investors together.
The university's commonfund grew with steady donations.
3. Money set aside by a group for emergencies or shared costs.
The club dipped into its commonfund to buy new equipment.
4. A central account that several departments draw from.
Office supplies are paid for from the commonfund.