Dictionary
mutual fund
mutual fund
noun
: 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
:Â an open-end investment company that invests money of its shareholders in a usually diversified group of securities of other corporations
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Examples of MUTUAL FUND
- She invested her money in a mutual fund.
First Known Use of MUTUAL FUND
1934
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