mutual fund
About Our Definitions: All forms of a word (noun, verb, etc.) are now displayed on one page.
About Our Definitions: All forms of a word (noun, verb, etc.) are now displayed on one page.mutual fund
nounDefinition of MUTUAL FUND
: an open-end investment company that invests money of its shareholders in a usually diversified group of securities of other corporations
See Examples of MUTUAL FUND
- She invested her money in a mutual fund.
First Known Use of MUTUAL FUND
1934
mutual fund
noun (Concise Encyclopedia)Company that invests the funds of its subscribers in diversified securities and issues units representing shares in those holdings. It differs from an investment trust, which issues shares in the company itself. While investment trusts have a fixed capitalization and a limited number of shares for sale, mutual funds make a continuous offering of new shares at net asset value (plus a sales charge) and redeem their shares on demand at net asset value, determined daily by the market value of the securities they hold.
Variants of MUTUAL FUND
mutual fund or unit trust or open-end trust
Learn More About MUTUAL FUND
Browse
Next Word in the Dictionary: mutualism
Previous Word in the Dictionary: mutual
All Words Near: mutual fund
Previous Word in the Dictionary: mutual
All Words Near: mutual fund
Seen & Heard 
What made you want to look up mutual fund? Please tell us where you read or heard it (including the quote, if possible).
