dual-purpose fund Meaning in the Cambridge English Dictionary
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Meaning of “dual-purpose fund” in the English Dictionary

"dual-purpose fund" in Business English

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dual-purpose fundnoun [C]

uk   us   FINANCE
an ​investment that consists of two ​types of ​shares, one ​type that ​pays the ​investorpart 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 ​offerenhancedincome with ​reducedrisk.
(Definition of dual-purpose fund from the Cambridge Business English Dictionary © Cambridge University Press)
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