Definitions for "Replacement reserve fund"
A special fund designated to replace common property, including furniture, for example, in a condominium or PUD.
Money that is set aside from homeowners' assessments to replace common property, such as furniture in a planned development's community room.
An account, or fund, setup for the replacement of short life items , such as carpeting, in the common areas of a cooperative property.
Keywords:  replevin
Replevin