sicavcommon nounproper nounEtymologyexpandname derived from the acronym sicav meaning 'investment company with variable capital'.Definitions1. Company whose objective is to pool the risks and benefits of an investment in securities (stocks, bonds, etc.), negotiable debt securities, repos and other financial instruments authorized either by regulations or by the SICAV's bylaws.financeexpand2. Share of this company held for investment purposes.expand