jointfund
nounUK /ˈdʒɔɪnt fʌnd/
US /ˈdʒɔɪnt fʌnd/
A jointfund is money that two or more people or groups put together to use for something.
The two schools started a jointfund to buy new books for both libraries.
RELATED WORDS
OTHER MEANINGS
2. A financial account controlled by two or more parties together.
The sisters opened a jointfund for their holiday trip.
3. Money collected by several organizations for a shared project.
The charity created a jointfund to help the flood victims.
4. An arrangement where costs are split between partners.
They set up a jointfund to pay for the office rent.