Business / Taxes / Institutional Fund: An institutional fund is a mutual fund that’s available to large investors, such as pension funds and not-for-profit organizations, with substantial amounts to invest. Typical institutional funds have higher minimum investments but lower fees than the retail funds that are available to the general public. Among the reasons institutional funds may cost less to operate is that they tend to have low turnover rates and their investors redeem shares less often than retail investors.
Fund Adjective Synonyms: supply, stock, reserve, store, pool, cache, reservoir, repository, mine
Fund Noun Synonyms: finance, back, capitalize, stake, support, pay for, endow, grant, subsidize
Business / Accounting / Petty Cash Fund: A small amount of cash kept on hand for making miscellaneous payments. MORE
Business / Finance / Performance Fund: A growth-oriented mutual fund investing in growth stock and performance stock with low dividends and high risk. MORE