bond fund

bond fund definition - business

bond fund

An investment company that invests in long-term debt securities. A bond fund may restrict its investments to certain categories of bonds, such as corporate, municipal, or foreign bonds, or it may hold many types of bonds. See also corporate bond fund, municipal bond fund.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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