Meaning of “mutual fund” in the English Dictionary

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"mutual fund" in British English

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mutual fundnoun [ C usually singular ]

uk /ˈmjuː.tʃu.əl ˌfʌnd/ us /ˈmjuː.tʃu.əl ˌfʌnd/ US UK unit trust

a service where financial experts invest the money of many people in many different companies

(Definition of “mutual fund” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"mutual fund" in American English

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mutual fundnoun [ C ]

us /ˈmju·tʃu·əl ˌfʌnd/

a company that sells shares to the public and invests the money obtained in many different companies or lends it to governments

(Definition of “mutual fund” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"mutual fund" in Business English

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mutual fundnoun [ C ]

uk us US

FINANCE →  unit trust

(Definition of “mutual fund” from the Cambridge Business English Dictionary © Cambridge University Press)

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