open-end investment company
noun
Words nearby open-end investment company
open-cast,
open-concept,
open-cut,
open-cut mining,
open-end,
open-end investment company,
open-end mortgage,
open-ended,
open-eyed,
open-faced,
open-field
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.
Compare
closed-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.