an investment company that issues shares continuously and is obligated to repurchase them from shareholders on demand.
Terms To Know When Making A DealLet's take a look at a few different types of and terms about contracts so you come out on top in your next contract negotiation.
Our Favorite Viral Optical Illusions ExplainedWhat’s not to love about optical illusions? The magical, mysterious, mind-bending visuals never cease to evoke a series of ‘“woahs” and “what the’s--.” Words usually fail to describe them. Yet, one common word that is often used is trippy, hearkening to the psychedelic days of the ‘60s and ‘70s. But, believe it or not, the first optical illusions emerged far earlier, in the 5th century B.C. They even had Aristotle bumfuzzled! From Medieval Latin, opticus means “of sight or seeing” and ludere, “to play”—thus, optical illusions are visuals that essentially “play with one’s sight.” Because these images are invested with such mysterious power, we think optical illusions are some of the coolest didactic devices known to man. They’re brilliant to look at, and they teach us to question everything. So, to honor these powerful images, we want to share with you their proper names—because, honestly, trippy only holds up in the basement. Get your brains and eyeballs ready. They will be boggled.
Compare closed-end investment company.
Origin of mutual fund
First recorded in 1790–1800
Also called open-end investment company.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
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 agencyBritish 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
Culture definitions for mutual fund
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.
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.