- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
World's leading financial information-service, news, and media company.
An investment company that has only a set number of shares of the mutual fund that it manages, and does not create new shares if demand increases. Antithesis of an open-end management company.
Industry:Financial services
An investment company that sells shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund.
Industry:Financial services
Applies to derivative products. Futures contracts trade in a "cost-of-carry market" where the underlying commodity can be stored, insured, and converted into the future easily and inexpensively. Arbitrageurs, because of the ease of switching from the spot commodity to futures, will keep these markets in line with prevailing interest rates.
Industry:Financial services
An investment company that has only a set number of shares of the mutual fund that it manages, and does not create new shares if demand increases. Antithesis of an open-end management company.
Industry:Financial services
Arrangement whereby the shareholders of a project receive output free of charge but agree to pay all operating and financing charges of the project.
Industry:Financial services
Mortgage against which no additional debt may be issued.
Industry:Financial services
The required rate of return for an investment of 100% equity.
Industry:Financial services
A mutual fund that is no longer issuing shares, mainly because it has grown too large.
Industry:Financial services
