A mutual fund that emphasizes income-consistent with risk, rather than growth-by investing in corporate, municipal, or US government debt obligations, or some combination of them. Bloomberg Financial Dictionary
* * *
* * *
bond fund UK US noun [C] FINANCE
► an amount of money that is invested only in bonds, pays regular and fixed amounts of interest, and does not involve a lot of risk: »
Bond funds provide investors with important features like monthly income.
Financial and business terms. 2012.