open-end investment company









open-end investment company


noun

  1. mutual fund.

noun

  1. an investment company that issues shares continuously and is obligated to repurchase them from shareholders on demand.

noun

  1. US and Canadian an investment trust that issues units for public sale, the holders of which are creditors and not shareholders with their interests represented by a trust company independent of the issuing agencyBritish equivalent: unit trust

A company organized for the purpose of making investments. A mutual fund gets its capital stock from private individual investors, who, in effect, allow the mutual fund to decide where to invest their money.

52 queries 0.612