mutual funds

mutual fund

noun
an investment company that issues shares continuously and is obligated to repurchase them from shareholders on demand.
Also called open-end investment company.


Origin:
1790–1800
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Mutual funds is always a great word to know.
So is lollapalooza. Does it mean:
an extraordinary or unusual thing, person, or event; an exceptional example or instance.
a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison.
American Heritage
Cultural Dictionary

mutual fund definition


A company organized for the purpose of making investments. A mutual fund gets its capital stock from private individual investors, who, in effect, allow the mutual fund to decide where to invest their money.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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