Definition

Money pooled together for investment purposes, usually managed by someone in a power suit who claims they can beat the market. Mutual funds, hedge funds, and venture funds all fall into this bucket of 'other people's money.'

Example Usage

She allocated her retirement into three different funds to diversify her portfolio.

Source: Financial services terminology, investment industry

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See “funds” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.

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