mutual fund
noun
Simple Definition of mutual fund
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: a type of investment in which the money of many people is used to buy stock from many different companies
Source: Merriam-Webster's Learner's Dictionary
Full Definition of mutual fund
: 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 in a sentence
She invested her money in a mutual fund.
1934
First Known Use of mutual fund
1934
Law Dictionary
Learn More about mutual fund
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Britannica.com: Encyclopedia article about mutual fund
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