A hybrid style of mutual fund that is used to bring a simple solution for investments to a portfolio. It can also be referred to as a collective investment scheme and is designed to create an asset mix that gradually becomes more and more conservative the closer the target date becomes.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser