mutual fund

American  

noun

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

---

mutual fund British  

noun

1. 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

---

mutual fund Cultural  

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.

---

Etymology

Origin of mutual fund

First recorded in 1790–1800

Example Sentences

County, we were introduced through mutual friends, then thrown together by the particular gravity of people who recognized something in each other.

From Los Angeles Times • Apr. 24, 2026

In “London Falling,” Patrick Radden Keefe investigates how Brettler, the well-educated son of loving parents, went overboard, and whether he was forced by mutual friends.

From The Wall Street Journal • Apr. 10, 2026

They had mutual friends and he was a fan of hers, but when they met it felt like kismet.

From Los Angeles Times • Apr. 8, 2026

He explained, “We were just introduced by friends. That’s it. We found out that we had mutual friends and we started to just chat.”

From MarketWatch • Feb. 4, 2026

The reports he was receiving from mutual friends emphasized Jefferson’s generosity of spirit in defeat.

From "Founding Brothers: The Revolutionary Generation" by Joseph J. Ellis

Related Words

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