Investing and Money Glossary, terms and definitions.

Institutional Fund

A mutual fund designed for institutional investors.

An instututional fund must meet at least one of the following qualifications:

a) has the word ""institutional"" in its name.

b) has a minimum initial purchase of $100,000 or more.

c) states in its prospectus that it is designed for institutional investors, or those purchasing on a fiduciary basis.