Legal Dictionary of Pakistan

general fund

1. A government's primary operating fund; a state's assets furnishing the means for the support of government and fordefraying the legislature's discretionary appropriations. 0 A general fund is distinguished from assets of a special character, such as trust, escrow, and special-purpose funds. 2. A nonprofit entity's assets that are not earmarked for a specific purpose.general revenue fund. The fund out of which a municipality pays its ordinary and incidental expenses.