mutual fund

mutual fund

n.

An investment company that continually offers new shares and buys existing shares back at the request of the shareholder and uses its capital to invest in diversified securities of other companies.

Thesaurus

Noun	1.	mutual fund - the pooled money that is invested in assets fund, monetary fund - a reserve of money set aside for some purpose ETF, exchange traded fund - a mutual fund that is traded on a stock exchange index fund - a mutual fund whose assets are stocks on a given list
	2.	mutual fund - a regulated investment company with a pool of assets that regularly sells and redeems its shares mutual fund company, open-end fund, open-end investment company investment company, investment firm, investment trust, fund - a financial institution that sells shares to individuals and invests in securities issued by other companies index fund - a mutual fund that invests in the stocks that are the basis of a well-known stock or bond index