Capital Appreciation Fund

This is a fund that invests (usually) in stocks with the novel idea of making more money...that is, the capital invested starts off chubby...and then gets FAT.

While some funds focus on generating recurring income (bond funds, dividend funds, etc.) a capital appreciation fund attempts to invest in stocks that are likely to appreciate in value over time. As such, they often consist of growth stocks (companies that don't pay dividends, but rather, reinvest in themselves to increase their asset values and, ultimately, stock prices) and/or value stocks (stocks that are trading below their "fair value" in hopes that investors will eventually bid them up to where they "belong").

Bottom line: Make your bottom line bigger. Appreciate that capital.