Definition of provident fund in English:

provident fund

Line breaks: provi|dent fund

noun

  • (Especially in South East Asia) an investment fund contributed to by employees, employers, and (sometimes) the state, out of which a lump sum is provided to each employee on retirement.
    More example sentences
    • The doctors accuse the college management of not paying gratuities, provident funds and other allowances.
    • The workers are also demanding an increase in their provident funds, shift allowance and annual bonuses.
    • Chief executive Mark Konyn said he expects regional stock markets will rise in the final months of this year, giving mandatory provident funds a boost.

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day coloratura
Pronunciation: ˌkələrəˈto͝orə
noun
elaborate ornamentation of a vocal melody