commingled fund

Definitions (2)

1. A mutual fund that includes assets from several accounts, pooled together, to reduce management and administration costs; here also called pooled fund.
2. Money from customer account securities which have been merged with those in a bank or brokerage's own accounts; usually illegal.

Use commingled fund in a sentence

The mutual funds company investors contacted a class action attorney when they discovered that the company was using commingled funds to manage their securities.

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Our company has taken on the city's finances, as our first act of business we have gotten the city to sign off on a commingled fund to lower administration costs.

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It would make a lot of sense for Johnny to go to school and get a firm grasp on his finacial state witch would most certainly include learning to manage his COMMINGLED FUND.

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commercially domiciled specified investing