Definition of "trust fund" []

• Property, especially money and securities, held or settled in trust. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Rich had decided to invest heavily in a former Playboy resort in Great Gorge, New Jersey; good money had been sent after bad—and the trust fund was depleted."
• "He said the union was going to set up a trust fund for training officials as a memorial to this Ian Ross, and he was meant to write a sort of tribute to him, though why he needed to know all about the way he died I could never work out."
• "I was glad that I could donate five thousand dollars from the trust fund my grandfather, Norman, left me to keep ColorKind going for another year."