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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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