What does rainy day fund mean?

Definitions for rainy day fund
rainy day fund

This dictionary definitions page includes all the possible meanings, example usage and translations of the word rainy day fund.


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Wikipedia

  1. Rainy day fund

    A rainy day or rainy day fund is a reserved amount of money to be used in times when regular income is disrupted or decreased in order for typical operations to continue. In the United States, the term is usually used to apply to the funds maintained by most U.S. states to help deal with budget shortfalls in years where revenues do not match expenditures. This is critical to the operations of most states, which do not permit their governments to take on debt, meaning that services would have to be cut in the absence of reserve funds.New York State Comptroller Thomas DiNapoli recommended in March 2010 that the state require that one half of surpluses be deposited into the rainy day fund. The Massachusetts rainy day fund has been the focus of tussles between the Governor of Massachusetts and the Massachusetts General Court. Some research suggests developing a national rainy day fund for states might improve state credit ratings and reduce capital financing costs for states.

Wikidata

  1. Rainy day fund

    A rainy day fund or rainy day reserve is a reserved amount of money to be used in times when regular income is disrupted or decreased in order for typical operations to continue. In the United States, the term is usually used to apply to the funds maintained by most U.S. states to help deal with budget shortfalls in years where revenues do not match expenditures. This is critical to the operations of most states, which do not permit their governments to take on debt, meaning that services would have to be cut in the absence of reserve funds. New York State Comptroller Thomas DiNapoli recommended in March 2010 that the state require that one half of surpluses be deposited into the rainy day fund. The Massachusetts rainy day fund has been the focus of tussles between the Governor of Massachusetts and the Massachusetts General Court. Some research suggests developing a national rainy day fund for states, which might improve state credit ratings and reduce capital financing costs for states.

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Numerology

  1. Chaldean Numerology

    The numerical value of rainy day fund in Chaldean Numerology is: 3

  2. Pythagorean Numerology

    The numerical value of rainy day fund in Pythagorean Numerology is: 7

Examples of rainy day fund in a Sentence

  1. Rick Savage:

    I dont think anything willhappen because she [Mills] is over herhead.Shes not consulting the experts, shes just doing this to break our state even more, we are broke. We were broke before this. She spent our rainy day fund in her first two months in office, so shes trying to get federalmoney to bail her out. She doesnt care at this pointabout thepeople in the state of Maine ...If she did, she would be reachingout to these businesses.

  2. Jenny Schuetz:

    These households can't build up any kind of savings, any rainy day fund, which means that as soon as they lose hours or lose a job, they just can't pay their basic monthly bills.


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"rainy day fund." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/rainy+day+fund>.

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