hardship fund
/ˈhɑːrdʃɪp fʌnd/ · hard·ship fund
noun
- A pool of money set aside by an organization to provide financial assistance to individuals or groups experiencing economic difficulty. When the factory closed, the workers turned to the company’s hardship fund for emergency loans.
- A specific fund established to cover unexpected personal expenses of employees, such as medical bills or natural‑disaster losses. The university’s hardship fund helped the professor pay for her home’s flood repairs.
Synonyms
relief fundemergency fundaid fundsupport fundcharitable fundcontingency fundsafety‑net fundassistance fund
Antonyms
Did you know? The phrase “hardship fund” entered corporate policy manuals in the 1970s as part of a growing emphasis on employee welfare and social responsibility.