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LSDefine

Simple English definitions for legal terms

mutual fund

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A quick definition of mutual fund:

A mutual fund is like a big piggy bank that lots of people put their money into. The people who run the piggy bank are really good at investing the money to make more money. They spread the money out into different things like stocks and bonds to make sure they don't lose all the money if one thing goes down. There are two types of piggy banks: one where you can take your money out anytime you want, and one where you can only trade with other people. The government makes sure the piggy banks follow rules to protect the people who put their money in.

A more thorough explanation:

A mutual fund is a type of investment where a group of investors pool their money together to buy a collection of stocks, bonds, and other securities. The mutual fund is managed by a professional team who aim to make a profit for the investors.

There are two types of mutual funds:

Mutual funds are often diversified, meaning they invest in a variety of different securities to reduce risk and maximize profits. For example, a mutual fund might invest in stocks from different industries, bonds from different companies, and futures contracts.

All mutual funds are subject to federal regulations, including the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Company Act of 1940. The Securities and Exchange Commission (SEC) monitors mutual funds to ensure they comply with these regulations.

Imagine a mutual fund called the "Tech Stock Fund." This fund might invest in stocks from different technology companies, such as Apple, Microsoft, and Amazon. By investing in a variety of tech stocks, the mutual fund reduces the risk of losing money if one company performs poorly. If the tech industry as a whole performs well, the mutual fund will make a profit for its investors.

mutual assent | Mutual Material Mistake

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I never thought about it but I think I will too
16:05
GULC would be about 5:30 right
JumpySubsequentDolphin
16:08
if washu admissions emails me one more time i might delete my lsac account
Dkk
16:08
Lol, the Cornell waitlist wave. Get fucked.
Dkk
16:08
That fucking sucks.
snow
16:08
lowkey im going to be optimistic. i just saw that some people applied early sept. and got II for schools in January
@JumpySubsequentDolphin: I've been tempted to put them in spam
snow
16:08
lmaooo dk
dk praying on all our downfall
Dkk
16:09
I hope you guys tell me to eat a dick when I get my R's and WL's.
praying for your success inshallah
Dkk
16:10
I want it to be brutal.
Dkk
16:10
Noooooo
JumpySubsequentDolphin
16:10
@texaslawhopefully: THEY SEND THEM TO YOU EVEN AFTER YOU GOT ACCEPTED???
I've been getting them literally every other day for months now
JumpySubsequentDolphin
16:11
that’s absurd
16:18
does having a masters degree help with getting into law school
16:19
i rly want to get into northwestern or uchicago but im worried about my stats
LSDFan
16:20
you'll get in, calm tf down
16:20
damn
16:21
bro was just asking a question
U have great stats! I wouldn't be too nervous. Did u write why Northwestern and why Chicago?
oh cornells going wl crazy
16:22
having a masters degree is probably a positive, it shows you can do grad level coursework and probably generated a strong rec letter
@RightPlant: you have a great chance at Northwestern!
Chicago, also not a bad chance, but it is more of a crapshoot
Esp since they care more about GPA than LSAT
Would gulc be later tn? I submitted mine mid Oct so don’t think they will get back to me yet
Anyone think au will get back to us tomo?
16:26
I have no clue, I would think it would be later tn based on past waves
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