Meaning of “authorized investment fund” in the English Dictionary

business-english dictionary

"authorized investment fund" in Business English

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authorized investment fundnoun [ C ]

UK also authorised investment fund uk us 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.
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(Definition of “authorized investment fund” from the Cambridge Business English Dictionary © Cambridge University Press)