Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
dual fund
See MUTUAL FUND.
dual fund.
A closed-end mutual fund that invests in two classes of stock - stock that pays dividends and stock that increases in investment value without dividends. ( A dual fund combines characteristics of an income fund and a growth fund. - Also termed dualpurpose fund; leverage fund; split fund.