mutual fund

See synonyms for mutual fund on Thesaurus.com
noun
  1. an investment company that issues shares continuously and is obligated to repurchase them from shareholders on demand.

Origin of mutual fund

1
First recorded in 1790–1800
  • Also called open-end investment company.

Words Nearby mutual fund

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use mutual fund in a sentence

British Dictionary definitions for mutual fund

mutual fund

noun
  1. US and Canadian 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: British equivalent: unit trust

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Cultural definitions for mutual fund

mutual fund

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 New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.