INDEX FUND

Pronunciation (US): (GB):

Meaning:

A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("index fund" is a kind of...):

mutual fund; mutual fund company; open-end fund; open-end investment company (a regulated investment company with a pool of assets that regularly sells and redeems its shares)

Meaning:

A mutual fund whose assets are stocks on a given list

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("index fund" is a kind of...):

mutual fund (the pooled money that is invested in assets)