ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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MUTUAL FUND Definition
MUTUAL FUND, according to the SEC, is a company that brings together money from many people and invests it in stocks, bonds or other assets. The combined holdings of stocks, bonds or other assets the fund owns are known as its portfolio. Each investor in the fund owns shares, which represent a part of these holdings.
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UNABSORBED COSTS occurs when the cost structure does not fully reflect all variable and/or fixed costs.
ACB normally refers to adjusted cost base.