fund fund  /ˈfənd/

Definition(s):

  1. (n) a reserve of money set aside for some purpose
  2. (n) a supply of something available for future use
  3. (n) a financial institution that sells shares to individuals and invests in securities issued by other companies
  4. (v) convert (short-term floating debt) into long-term debt that bears fixed interest and is represented by bonds
  5. (v) place or store up in a fund for accumulation
  6. (v) provide a fund for the redemption of principal or payment of interest
  7. (v) invest money in government securities
  8. (v) accumulate a fund for the discharge of a recurrent liability
  9. (v) furnish money for

Usage(s):

  1. There's an unpleasant surprise awaiting the last investors to leave a hedge fund.
  2. One organization chooses the world's wonders that most need protection and lists them as endangered-species and eligible for international stewardship and restoration funds.
  3. The firms that own them are making hundreds of funds vanish.

News

  1. GrowthWorks Canadian Fund Amends Participation Agreement with Roseway Capital

    GrowthWorks Canadian Fund Ltd. announced today that it has entered into a second amendment to the Participation Agreement dated May 28, 2010 with Roseway Capital S.a.r.l. whereby a payment of $20 million ...
    on June 15, 2013     Source: Marketwired via Yahoo! Finance

  2. GDL Fund's Series B Cumulative Puttable and Callable Preferred Shares Goes Ex-Dividend Soon

    On 6/17/13, GDL Fund's Series B Cumulative Puttable and Callable Preferred Shares (NYSE: GDL.PRB) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 6/26/13. As a percentage of GDL.PRB's recent share price of $50.39, this dividend works out to approximately 0.74%, so look for shares of GDL.PRB to trade 0.74% lower ? all else being equal ? when GDL.PRB shares open for ...
    on June 13, 2013     Source: Forbes

  3. Fund Divas Warble With Index Angst

    Active mutual fund managers could once walk on water. Boy have the times changed.
    on June 13, 2013     Source: CNBC

Word of the Day
nebulous nebulous
/ˈnɛb jə ləs /