Mutual-fund
noun
1.
an investment company that issues shares continuously and is obligated to repurchase them from shareholders on demand.
noun
1.
(US & 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
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.
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- Mutual-inductance
noun, Electricity. 1. the ratio of the electromotive force in one of two circuits to the rate of change of current in the other circuit. noun 1. a measure of the mutual induction between two magnetically linked circuits, given as the ratio of the induced electromotive force to the rate of change of current producing […]
- Mutual-induction
noun, Electricity. 1. the production of an electromotive force in one circuit by a change in current in another circuit. noun 1. the production of an electromotive force in a circuit by a current change in a second circuit magnetically linked to the first See also mutual inductance Compare self-induction mutual induction The production of […]
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A type of insurance company in which policyholders share in the profits.