External Fund

External Fund

1. A mutual fund that invests predominantly or exclusively in securities issued in foreign countries. An external fund does not necessarily concentrate on any single country, but it does not invest in securities from the country in which it operates. An external fund should not be confused with a global fund, which invests in both domestic and foreign securities. An external fund is also called an international fund.

2. Funding that a company raises from any source other than itself. Two common types of external funds are bond and stock issues. A company seeks external funds when it wishes to expand its operations or other activities, but lacks the cash flow to do it independently. Providers of external funds almost always expect to receive something in return; for example, bondholders expect interest and principle repayment, while stockholders expect to receive a portion of the ownership of the company.
References in classic literature ?
Pelet was no Fleming, but a Frenchman both by birth and parentage), yet the degree of harshness inseparable from Gallic lineaments was, in his case, softened by a mild blue eye, and a melancholy, almost suffering, expression of countenance; his physiognomy was "fine et spirituelle.
FROM MISS EVELYN VANE, IN PARIS, TO THE LADY AUGUSTA FLEMING, AT BRIGHTON.
Here he smiled, in the consciousness of his power; this softened his bad humor, and he turned towards the Flemings,--
Messieurs Flemings, come and see this; 'tis curious.
Then he rose, leaned on the arm of his interlocutor, made a sign to the sort of mute who stood before the door to precede him, to the two Flemings to follow him, and quitted the room.
Fleming, who had been headmaster for the quarter of a century, was become too deaf to continue his work to the greater glory of God; and when one of the livings on the outskirts of the city fell vacant, with a stipend of six hundred a year, the Chapter offered it to him in such a manner as to imply that they thought it high time for him to retire.
Fleming was thus disposed of it became necessary to find a successor.
As against the purely negative action of the scientific spirit, the high-pitched Grey, the theistic Elsmere, the "ritualistic priest," the quaint Methodist Fleming, both so admirably sketched, present [69] perhaps no unconquerable differences.
Staley Fleming did not, or he would perhaps not have sprung to his feet as the night wind brought in through the open window the long wailing howl of a distant dog.
On the floor near the disordered bed, in his night clothes, lay Fleming gasping away his life.
Brownlow, drawing Oliver to him, and laying his hand upon his head, 'is your half-brother; the illegitimate son of your father, my dear friend Edwin Leeford, by poor young Agnes Fleming, who died in giving him birth.
The bulk of his property he divided into two equal portions--one for Agnes Fleming, and the other for their child, it it should be born alive, and ever come of age.