What is the English word for "collecting money for a special event from a group of people"?
For example, say some friends are planing a party. Each one has to contribute some amount of money to the event. What is the word or phrase that can be used to explain this kind of activity?
I have found "fund raising" to have a similar meaning, but I feel it's more along the lines of "collecting money for some charity event". Is that right, and is there a better word I can use?