A variable coupon renewable note (VCR) is a fixed income asset that has changeable coupon rates. The weekly renewable note is a type of debt security. Every week, this security's principal is automatically reinvested at new interest rates.

The VCR fund is a retirement savings plan that pays for a voluntary contribution into a specified retirement account to an individual. The individual then becomes independent from the original employer's retirement system to manage their own retirement.

The VCR fund usually refers to a Venture Capital Reserve fund, a pool of capital set aside to support startups beyond their initial investment round. Instead of deploying all capital at once, the fund keeps reserves to participate in follow-on rounds, protect ownership stakes, and support promising companies during critical growth phases.

This approach helps investors manage risk and avoid dilution when startups need additional funding. VCR funds are especially useful in volatile markets, where access to capital can tighten quickly. By having reserved capital, fund managers can back their strongest performers without relying on external fundraising at unfavourable terms. For startups, a VCR fund provides stability and confidence, knowing that existing investors can continue to support them. Overall, the VCR fund structure promotes disciplined capital allocation, long-term planning, and stronger investor-founder alignment.