openend in vestment company's

open-end investment company

noun
Dictionary.com Unabridged

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. 2014.
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World English Dictionary
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

Collins English Dictionary - Complete & Unabridged 10th Edition
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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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