A Reserve Fund is a financial safety net set aside by organizations, businesses, or individuals to cover unexpected expenses or emergencies. This fund helps ensure that there are sufficient resources available when unforeseen costs arise, such as repairs, maintenance, or economic downturns. Typically, a reserve fund is built over time through regular contributions, allowing for financial stability and peace of mind. It is often part of broader financial planning strategies, similar to an Emergency Fund for personal finances, and can be crucial for maintaining operations without disruption during challenging times.