Mutual Fund
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- A fund operated by an investment company that raises money from shareholders and invests it in stocks, bonds, options, commodities, or money market securities. These funds offer investors the advantages of diversification and professional management. To participate, the investor may pay fees and expenses. (Mutual funds are not covered by FDIC insurance.)
The Office of the Comptroller of the Currency - Cite This Source - This Definition - Bond, U.S. Savings, Power of attorney, savings and loan association, savings bank, security, Uniform Commercial Code (UCC)