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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Income Fund

Definition:

See Equity Income Fund.

Income funds are funds that are made up of dividend-paying stocks and bonds. The goal here is not to grow in value but to create a steady income.

These funds are popular with old people, retired people, and people who are really, really scared of everything.