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Meaning / Definition of
Fund Company
Categories: Mutual Funds,
A private or publicly owned business entity that invests in financial securities on behalf of a pool of investors. A fund company offers a variety of investment services such as portfolio management and tax management services to investors. The company manages and sells open-end and closed-end funds to the public. Also called fund sponsor.
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Definition / Meaning of
Home Equity
Categories: Credit and Debt, Real Estate, Legal, ,
The current market value of a house minus how much is owed on it. A home equity loan borrows against this amount.
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