Meaning of COLLECTIVE INVESTMENT FUND in English

COLLECTIVE INVESTMENT FUND

A term used broadly to describe any fund which consists of shared or common ownership among participating accounts. Common trust funds and commingled employee benefit funds (pooled funds) of banks and trust companies are examples of CIF's.

UNODC Money-Laundering terms English dictionary.      Английский словарь терминов управления ООН по отмыванию денег, преступности и наркотикам.