From Longman Business Dictionarydepreciation funddeˌpreciˈation ˌfund [countable]FINANCE a fund set up by a company to provide money to buy new FIXED ASSETs. Every year, the fund invests an amount of money equal to an existing asset’s depreciation allowance in GILT-EDGED SECURITIES, giving the company money that can be used to buy new assets → fund
