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mutual fund

noun

Simple Definition of mutual fund

  • : a type of investment in which the money of many people is used to buy stock from many different companies

Full Definition of mutual fund

  1. :  an open-end investment company that invests money of its shareholders in a usually diversified group of securities of other corporations

Examples of mutual fund

  1. She invested her money in a mutual fund.



1934

First Known Use of mutual fund

1934


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