Definition of mutual fund in English:

mutual fund

Line breaks: mu¦tual fund

noun

North American
  • An investment programme funded by shareholders that trades in diversified holdings and is professionally managed.
    More 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.

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Word of the day coloratura
Pronunciation: ˌkələrəˈto͝orə
noun
elaborate ornamentation of a vocal melody