definition
strict definition
fund
A collective investment scheme which spreads ownership among several investors.
A fund is a collective investment scheme in which any number of investors share ownership. Its role as a company is usually highly abstracted, with executive activity located in the individual entities owned by the fund.
The scheme brings investors into shared ownership. Its collective investment arrangement is distinct from a single person directly holding a property.
The fund's ownership role can be separate from executive work carried out by the entities it owns. An operational office of one such entity is therefore different from the investment scheme itself.
Related definitions
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branch
A national, regional, or local office subordinate to a company's home office, excluding an independent subsidiary. -
brand
A registered trademark used by a company to establish product identity among consumers. -
consortium
A named partnership of two or more firms working together on a particular building or project. -
division
A sub-organization within a company acting as an individual firm in relation to a structure or complex. -
group of companies
A corporate union or association of multiple companies which retain their separate identities. -
headquarters
The main or only office of a company, ranging from a single-office firm to a worldwide headquarters. -
individual
A single person acting in the role of a company with respect to a structure or complex.