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1. (n.) mutual fund
an investment company that is capitalized by the constant sale of its stock, which it is obligated to repurchase from its shareholders on demand.
Etymology: (1790–1800)
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| Definition of 'mutual fund' |
Princeton's WordNet |
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1. (noun) mutual fund
the pooled money that is invested in assets
2. (noun) mutual fund, mutual fund company, open-end fund, open-end investment company
a regulated investment company with a pool of assets that regularly sells and redeems its shares
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