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capital appreciation fund
cap·i·tal ap·pre·ci·a·tion fund


noun 
Definition:
 
mutual fund offering capital appreciation: a mutual fund that concentrates on making investments whose value grows fast rather than those that pay high interest or dividends
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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