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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.


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  • Mutual-inductance

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  • 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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    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 […]

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