Emergency Fund | Definition

/əˈmərjənsē fənd/

An emergency fund is a large amount of money set aside, typically in a savings account | underwater loan | withholding tax | passive income | cryptocurrency | dividend yield | working poor | forbearance | underbanked | scholarship | chexsystems | stock split | trust fund | investment | withdrawal | tax credit | employment | deferment | redlining | black tax | monetary | altcoins | 401(k) | wealth | grant | bank | bond | spac | definitionsin case of any unexpected financial surprise. Those surprises can include a job loss, medical emergency, car repairs, etc. The purpose of having an emergency fund is to avoid borrowing money and going into debt.

Next word Diversification ᐳ

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