mutual fund

noun

1. an investment company that issues shares continuously and is obligated to repurchase them from shareholders on demand.

mutual fund

noun

1. 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 equivalentunit trust

mutual fund

1. 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.

Word History and Origins

Origin of mutual fund¹

First recorded in 1790–1800

Example Sentences

Why new cuts will be a double whammy for Bentonville—and anyone with a mutual fund.

From The Daily Beast

Considered as a mutual fund of bank shares, the CPP has had quite a good run.

From The Daily Beast

The second is that there is a glitch in the mutual fund software, and you just aren't getting the updates.

From The Daily Beast

It started when Waddell Reed, a large mutual fund, hit a button to sell about $4.1 billion in stock futures contracts.

From The Daily Beast

Washington is in panic mode and your mutual fund is teetering on the brink.

From The Daily Beast

Related Words

• bond fund
• closed-end fund
• investment fund
• retirement plan