REPLACEMENT RESERVE FUND Definition

Bookmark and Share

REPLACEMENT RESERVE FUND, in real estate, is a fund set aside for replacement of common property in a condominium, PUD, or cooperative project; particularly that which has a short life expectancy, such as carpeting and furniture.

Learn new Accounting Terms

REFURBISH is to renovate or clean up.

APPLICATION CONTROL is the programmed procedure in application software designed to ensure completeness and accuracy of information.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.