Definition of mutual fund noun from the Oxford Advanced Learner's Dictionary


mutual fund

BrE BrE//ˈmjuːtʃuəl fʌnd//
; NAmE NAmE//ˈmjuːtʃuəl fʌnd//
(North American English) (British English unit trust) Economy
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a company that offers a service to people by investing their money in various different businesses See related entries: Economy
See the Oxford Advanced American Dictionary entry: mutual fund

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