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English definition of “authorized investment fund”

authorized investment fund

noun [C] (UK also authorised investment fund)
 
 
(also authorized fund)
FINANCE an amount of money invested in a range of shares, bonds, etc. for a group of small investors: The investment rules for ISAs and Authorised Investment Funds are being relaxed. → See also unit trust
(Definition of authorized investment fund from the Cambridge Business English Dictionary © Cambridge University Press)
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