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The American Heritage Dictionary of Business Terms » corporate bond fund
corporate bond fund
corporate bond fund definition - business
corporate bond fund
An investment company that invests in long-term corporate bonds and passes the income from these securities to its stockholders. Although these funds vary in value with changes in long-term interest rates, they usually provide a current return in excess of money market funds. Corporate bond funds are of interest primarily to investors seeking high current income or to those betting on a substantial fall in long-term interest rates.
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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