OPEN-END INVESTMENT COMPANY

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A regulated investment company with a pool of assets that regularly sells and redeems its shares

Synonyms:

mutual fund; mutual fund company; open-end fund; open-end investment company

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("open-end investment company" is a kind of...):

fund; investment company; investment firm; investment trust (a financial institution that sells shares to individuals and invests in securities issued by other companies)

Hyponyms (each of the following is a kind of "open-end investment company"):

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

Credits

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