depreciation fund
noun[C]
ukusACCOUNTING,FINANCE
anamountofmoneythat acompanyhasavailabletobuynewassets. It comes from theinvestmentof asumequalto thedepreciationallowanceforitsexistingassets:
Thedirectormaintainsadepreciationfundfor thepurchaseofreplacementvehiclesandadditionsto thefleet.