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    • Ernie
      ERNIE stands for electronic random number indicator equipment. ERNIE is the machine that generates numbers that are matched against premium bond holders to determine who the monthly winners are.
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The Finance Section Glossary

Currently viewing the definition of: Growth And Income Fund
 
 
 A type of investment e.g. a unit trust, that aims for capital growth whilst also paying an income. Such a fund is likely to pay less income than a true income fund and also generate less growth than a growth fund. 
 

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