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Noun: mutual fund  myoo-choo-ul fúnd
  1. The pooled money that is invested in assets
  2. 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

Derived forms: mutual funds

Type of: fund, investment company, investment firm, investment trust, monetary fund

Encyclopedia: Mutual fund