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Financial Terms related to Fund
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glossary with more than five thousand financial
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Findthousandsoffinancialtermsatwww.
ftpall.
com
Financial Terms related to Fund
This document is part of the valuable contents
available at www.
ftpall.
com, a free online
glossary with more than five thousand financial
and business terms.
This document can be copied and distributed freely
respecting its original format.
It is forbidden its
transcription, translation or change on its format
without authorization of its author or editor.
FUND
12b 1 funds
• Mutual funds that do not charge an upfront or back-end commission, but instead
take out up to 1.
25% of average daily fund assets each year to cover the costs of
selling and marketing shares, an arrangement allowed by the SEC s Rule 12b-I
(passed in 1980).
Advanced refunding
• Is the technique of replacing one bond issue by another.
This typically occurs when
a municipality can borrow at more favorable terms than the outstanding issue.
The
new issue s proceeds are used to purchase government obligations which are held
in escrow.
Less