COLLECTIVE INVESTMENT SCHEME Definition

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COLLECTIVE INVESTMENT SCHEME, globally, is any arrangement for pooling several investors funds so that the pooled fund can obtain economies of scale and a spread of investments beyond the reach of individual investors. It is usually called an investment company in the U.S.A.

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AUTHORIZATION OF STOCK is the provision in a corporate charter giving permission to issue stock.

INSTITUTIONAL INVESTOR is a bank, mutual fund, pension fund, or other corporate entity that trades securities in large volumes.

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