growth fund

growth fund definition - business

growth fund

An investment company whose major objective is long-term capital growth. Growth funds offer substantial potential gains over time, but vary significantly in price during bull and bear markets. This type of fund is most appropriate for someone who will not need to withdraw funds in the near future.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.