authorized investment fund


authorized investment fund
authorized investment fund UK US (UK also authorised investment fund) noun [C] (also authorized fund)
FINANCE an amount of money invested in a range of shares, bonds, etc. for a group of small investors: »

The investment rules for ISAs and Authorised Investment Funds are being relaxed.

See also UNIT TRUST(Cf. ↑unit trust)

Financial and business terms. 2012.