| mutual fund | |
| —n | |
| (US), (Canadian) British equivalent: unit trust an investment trust that issues units for public sale, the holders of which are creditors and not shareholders with their interests represented by a trust company independent of the issuing agency | |
| a fool or simpleton; ninny. |
| a stew of meat, vegetables, potatoes, etc. |
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.