noun
or mutual investment trust
: an investment company that has a variable number of shares outstanding and that is ready at any time to issue or redeem shares at or near current liquidating value
noun
or mutual investment trust
: an investment company that has a variable number of shares outstanding and that is ready at any time to issue or redeem shares at or near current liquidating value
Webster's New International English Dictionary. Новый международный словарь английского языка Webster. 2012