a company that invests its funds in other companies and issues its own securities against these investments.
IT’S A WORD OF THE DAY QUIZ BONANZA!
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Question 1 of 7
What does "scattergood" mean?
a person who acts as though he or she knows everything and who dismisses the opinions, comments, or suggestions of others.
a person who spends possessions or money extravagantly or wastefully; spendthrift.
a well-intentioned but naive and often ineffectual social or political reformer.TAKE THE QUIZ TO FIND OUT
Also called investment trust.
Origin of investment company
First recorded in 1930–35
Words nearby investment company
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions for investment trust
a financial enterprise that invests its subscribed capital in securities for its investors' benefit
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