an investment company that issues shares continuously and is obligated to repurchase them from shareholders on demand.
- Also called open-end investment company.
- Compare closed-end investment company.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use mutual fund in a sentence
Why new cuts will be a double whammy for Bentonville—and anyone with a mutual fund.
Considered as a mutual fund of bank shares, the CPP has had quite a good run.Bailout’s Success Lets Treasury Take Loss on General Motors Stock | Daniel Gross | December 19, 2012 | THE DAILY BEAST
The second is that there is a glitch in the mutual fund software, and you just aren't getting the updates.
It started when Waddell Reed, a large mutual fund, hit a button to sell about $4.1 billion in stock futures contracts.How Wall Street Computers Almost Killed Knight Trading | Alex Klein, Matthew Zeitlin | August 7, 2012 | THE DAILY BEAST
Washington is in panic mode and your mutual fund is teetering on the brink.
British Dictionary definitions for mutual fund
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
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.