Mutual Fund

Definition:

Investment company which generally offers its shares to the general public and invests the proceeds in a diversified portfolio of securities.

Related terms:

General Accounting Office

Letter of Authorization

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Adjusted Cost

Computes the average cost base (or cost per share) for a series of stock or mutual fund purchases.

Capital gain

Money gurus are always preaching long-term investing - generally it is much lower than regular

Car Cost Compare

Consider all of the expenses by buying a car that will be generated by their purchase

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Term: Accounting -> Mutual Fund