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English definition of “dual-purpose fund”

dual-purpose fund

noun [C]     FINANCE
an investment that consists of two types of shares, one type that pays the investor part of the company's profit and one type that goes up or down in value as the value of the shares goes up or down: They offer dual-purpose funds which offer enhanced income with reduced risk.
(Definition of dual-purpose fund noun from the Cambridge Business English Dictionary © Cambridge University Press)
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