Lack of Funds Definition | Law Insider (2024)

FAQs

What is the meaning of lack of fund? ›

A lack of funding means that a business or organization does not have enough money to operate. This can be due to a lack of revenue, an inability to find investors, or simply not having enough capital at the start.

Lack of funds means that there is a current or projected deficiency in the funds to maintain current or projected levels of staffing and operations.

shortage of funds means that the escrow account has funds in it, but they aren't enough to meet the expected costs for taxes and/or insurance when those sums become due.

A collection of assets managed in accordance with an objective for the mutual benefit of all the investors.

bankrupt broke destitute impoverished indigent needy.

These words are used to describe people who do not have much money or enough money. The most commonly used word for this is poor. It is also used about places where there are a lot of poor people.

Poor, impecunious, impoverished, penniless refer to those lacking money. Poor is the simple term for the condition of lacking means to obtain the comforts of life: a very poor family. Impecunious often suggests that the poverty is a consequence of unwise habits: an impecunious actor.

Lack is defined as the state of being without or not having enough of something. Shortage is defined as a state or situation in which something needed cannot be obtained in sufficient amounts.

Overview. A loss or shortage is a theft or mysterious loss of university monies. For example, shortages may occur when revenue deposited is less than revenue actually received or recorded or when the petty cash on hand is less than the amount assigned to the department.

The 15-15-15 rule for mutual fund investing has three parts to it: The Investment: You should invest Rs 15,000 per month. The Tenure: The total of your investment should be 15 years. It means that you will invest Rs 15,000 every month for the next 15 years.

What qualifies as a fund of funds? ›

A fund of funds (FOF) is one that, instead of investing in a pool of securities like stocks and bonds, buys shares in other funds. These "multi-manager" investments offer investors further diversification and access to the expertise of other skilled fund managers.

1. a. : a sum of money or other resources whose principal or interest is set apart for a specific objective. b. : money on deposit on which checks or drafts can be drawn.

A quick definition of no funds:

When you write a check but there isn't enough money in your bank account to cover it, the bank will mark the check with "no funds". This means that the check can't be cashed or deposited because there isn't enough money to pay for it.

We were entering the old obstetric unit: the wards long since closed through lack of funding. It only entered administration because of a lack of funding and investment. Their plight has turned the spotlight on the lack of funding of the hospice movement.

The lack of financial support refers to the insufficient funding or resources provided to various sectors or organizations. In the context of health care, the lack of financial support has led to a shortage in the industry, resulting in outdated infrastructure, low wages, and compromised quality of medical services ¹.