Mutual Fund Definition
noun
A fund made up of a number of stocks, bonds, etc. for which shares are issued to investors, with each share representing a fractional interest in the fund.
Webster's New World
An investment company that continually offers new shares and buys existing shares back at the request of the shareholder and uses its capital to invest in diversified securities of other companies.
American Heritage
A company that manages or markets such a fund or funds.
Webster's New World
(finance) A form of collective investment in which money from many investors is pooled and invested in stocks, bonds, short-term money market instruments, and/or other securities under the direction of a fund manager.
Wiktionary
Synonyms:
- open-end-fund
- open-end investment company
- mutual fund company
- cushioned stock list
- investment corporation
- trust-fund
Other Word Forms of Mutual Fund
Noun
Singular:
mutual fund
Plural:
mutual-funds
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