open-end investment company


noun

Words nearby open-end investment company

Definition for open-end investment company (2 of 2)

mutual fund

noun

an investment company that issues shares continuously and is obligated to repurchase them from shareholders on demand.
Also called open-end investment company.

Origin of mutual fund

First recorded in 1790–1800

British Dictionary definitions for open-end investment company

mutual fund

noun

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 agency British equivalent: unit trust

Cultural definitions for open-end investment company

mutual fund

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.