Cash or securities held for some designated purpose. Investment is a term with several closely related meanings in finance and economics. It refers to the accumulation of some kind of asset in hopes of getting a future return from it. A broad term used to connoted savings or capital improvements instead of immediate consumption. The investment can in securities such as stocks and bonds or in fixed assets such vehicles and machinery. In business, purchase of inventory can also be considered an investment in the business that will pay off in terms of returns that are larger than the investment. Typically, investments refers to investment in securities. level of aggregation within funds: Since a single fund type can have many funds within it, the financial statements aggregate at different levels.