International Monetary Fund

International banksters organization that began exploiting foreign nations - often wrecking their economies - before it began cannibalizing its own.

Screwing Argentina and other Latin American nations helped the International Monetary Fund learn how to transform the U.S. and Europe into banana republics.

by GeoBear May 28, 2010

Michigan Beer Fund

In Michigan bottles and cans of pop and beer or other carbonated beverages can be returned for 10 cents each at any local grocery store. It is the highest "bottle deposit" in the country. People in Michigan usually collect all their empty cans or bottles and when they are broke return them to the store to buy more beer.

Person 1: "Dude the party is over, we are all out of bud light and cash.."
Person 2: "Nah man, we can just return the cans I have been saving these past two weeks as my Michigan Beer Fund. we can get another 12 pack!"

Person 1: "Wooh Michigan!"

by nate-dawg-dizzle February 18, 2010

Until the trust fund runs out

As long as I am able

I don't have Internet access of my own, but I'm gonna keep stealing wi-fi from my neighbor until the trust fund runs out.

by Rico Detroit June 14, 2008

Mutual Fund

Typically a Mutual Fund is an investment fund aimed at individual investors sponsored by an investment (or "mutual fund") house like Fidelity, Vanguard or T. Rowe Price. Each fund holds a "market basket" of stocks or bonds and individual investors buy into the fund by buying a share at "Net Asset Value," which is the total worth of the fund's holdings, calculated every day, divided by the number of shares outstanding. In other words, a mutual fund whose portfolio (value of all holdings) is worth a million dollars that has a hundred thousand shares outstanding will value those shares at ten dollars apiece. A typical stock-based mutual fund can earn its investors money in three ways: the dividends and capital gains that stocks pay out, and possible appreciation of the fund value per share.

For an individual investor, the advantage of owning a mutual fund is that s/he achieves diversity -- mutual funds own more than fifty stocks, on average -- that could not be achieved by buying a typical hundred shares of stock in only a few corporations. The disadvantages of such funds are that the "load" (sales commission) involved in buying or selling such funds can be considerable, and all funds incur some sort of service fees; that's how the investment house earns its money. Also, no "equity" or stock-based investment is guaranteed.

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"My broker wants me to buy shares in something called an "open-end fund" but I don't know what that means."

"That's just a way to describe the majority of mutual funds, which remain open to all new investors who have the money to invest in them."

.

by al-in-chgo March 25, 2010

hedge fund

(FINANCE) a limited liability partnership (LLP), originally limited to 99 partners, and organized to trade securities under specialized guidelines. The first hedge funds were organized to be a counterparty to the riskiest forms of derivative transactions: writing exotic options or swaps in which the buyer transferred most risks (and potential gains) to the hedge fund, but then offsetting the risk with different derivatives.

The first hedge funds benefited (or thought they benefited) from the Black-Scholes formula used to calculate the value of options; supposedly a hedge fund manager could design an immensely complex portfolio consisting mainly of explosively volatile instruments , whose pieces were supposed to absorb each other's risk.

Hedge funds mainly avoided the consequences of the financial meltdown they helped create, racking up gains through the '00's that far exceeded the rest of the stock market.

The hedge fund used to play a major role in absorbing and structuring the risks associated with hedging risks associated with large portfolios, but they now are sophisticated gambling enterprises.

Hedge funds supply market liquidity for the most exotic of instruments.

by Abu Yahya September 2, 2010

fenderberg

That disgusting clump of ice, snow and slush that accumulates under your car's fenders behind the wheels during the winter months.

Sometimes when you hit a good pothole it'll knock the fenderbergs of your car.

by gumby April 16, 2003

trust fund kid

a rich child whose parents put money in a trust for their child to use as they please

or

an orphan of rich parents/grandparents/relatives and is now living off a trust until they're of age or until they get off their butt to work for money

Sheila is a trust fund kid whose parents enter $2000 a month into her fund but can't use it until she's 21.

by JenJen November 11, 2003