Investment company

Definition:

A firm that that invests the funds of investors in securities appropriate for their stated investment objectives in return for a management fee. See also: Mutual fund.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Tax loss carryback, carryforward

A tax benefit that allows business losses to be used to reduce tax liability in previous and or following years.

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