dual-purpose fund

noun

Definition of dual-purpose fund

: a closed-end investment company with two classes of shares one of which is entitled to all dividend income and the other to all gains from capital appreciation

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Learn More About dual-purpose fund

Dictionary Entries Near dual-purpose fund

dual-purpose

dual-purpose fund

dual-rotation propeller

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Cite this Entry

“Dual-purpose fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/dual-purpose%20fund. Accessed 2 Aug. 2021.

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