corporate bond short-term fund

corporate bond short-term fund definition - finance
A mutual fund that seeks a high level of current income by keeping two-thirds or more of its portfolio invested at all times in corporate bonds with an average maturity of 1 to 5 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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