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. 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

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

Related Words

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• investment fund www.thesaurus.com
• retirement plan