an investment company that issues shares continuously and is obligated to repurchase them from shareholders on demand.
(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.
noun, Electricity. 1. the ratio of the potential difference between either of two pairs of terminals to the current applied at the other pair of terminals when the circuit is open.
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 […]
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 […]
noun 1. insurance in which those insured become members of a company who reciprocally engage, by payment of certain amounts into a common fund, to indemnify one another against loss. noun 1. a system of insurance by which all policyholders become company members under contract to pay premiums into a common fund out of which […]