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corporate bond intermediate-term fund

corporate bond intermediate-term fund definition - finance
A mutual fund that seeks a high level of income by keeping two-thirds or more of its portfolio invested constantly in corporate bonds with an average maturity of 5 to 10 years.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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