WordNet
n. a financial institution that sells shares to individuals and invests in securities issued by other companies [syn: investment trust, investment firm, fund]
Wikipedia
An investment company is a company whose main business is holding securities for investment purposes. Investment companies invest money on behalf of their clients who, in turn, share in the profits and losses.
In United States securities law, there are at least three types of investment companies:
- Open-End Management Investment Companies ( mutual funds)
- Closed-End Management Investment Companies ( closed-end funds)
- UITs ( unit investment trusts)
In general, each of these investment companies must register under the Securities Act of 1933 and the Investment Company Act of 1940. A fourth and lesser-known type of investment company under the Investment Company Act of 1940 is a Face-Amount Certificate Company. A major type of company not covered under the Investment Company Act is private investment companies, which are simply private companies that make investments in stocks or bonds, but are limited to under 100 investors and are not regulated by the SEC. These funds are often composed of very wealthy investors.
Usage examples of "investment company".
The letter accompanying all the financial packets was from an investment company with a Swiss address.
The parking sticker on the Lexus said Midland Investment Company, which confirmed in a telephone call that Wally was Senior Marketing VP.
You can call the CEO of whatever the investment company is and tell him how you screwed up this promotion and you refused to cooperate and you failed to provide security until this morning so that you ended up with the police.
He had acquired Star-Trion through an investment company managed by VFI.
As Hannah's lawyer, she can phone the investment company and get the names on those accounts.
The nature of his proposition might well be the liquidation of both companies and the formation of an investment company or trust based on Strode House with some of the same directors.