dual-purpose fund

noun

: 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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Dictionary Entries Near dual-purpose fund

Cite this Entry

“Dual-purpose fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/dual-purpose%20fund. Accessed 5 Dec. 2022.

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