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Open-end investment company
/ˈoʊpən-ɛnd
ɪnvˈɛstmənt
kˈəmpəni/
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Open-end investment company
noun
1.
A regulated investment company with a pool of assets that regularly sells and redeems its shares.
Synonyms:
mutual fund
,
mutual fund company
,
open-end fund
.
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Etymology of 'Open-end investment company'
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