Share this entry

Share this page

mutual fund

Syllabification: mu·tu·al fund

Definition of mutual fund in English:

noun

North American
An investment program funded by shareholders that trades in diversified holdings and is professionally managed.
Example sentences
  • The agency is already battling court challenges to its rules on hedge funds and mutual funds.
  • A closed-end fund is a mutual fund whose shares trade on the stock exchanges, just as a stock does.
  • Allowing big investors to trade in mutual funds after hours is simply against the law.

Definition of mutual fund in:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day prepotent
Pronunciation: prɪˈpəʊt(ə)nt
adjective
greater than others in power or influence