MUTUAL FUND Definition

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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.

Learn new Accounting Terms

ADR see AMERICAN DEPOSITORY RECEIPTS.

BANK RECONCILIATION is the verification of a bank statement balance and the depositor's checkbook balance.

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