mutual investment company

noun
variants: or mutual investment trust

Definition of mutual investment company

: an investment company that has a variable number of shares outstanding and that is ready at any time to issue or redeem shares at or near current liquidating value

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Cite this Entry

“Mutual investment company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/mutual%20investment%20company. Accessed 26 Nov. 2020.

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