- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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In the context of mutual funds, a feature allowing fundholders to use an earlier date on a letter of intent to invest in a mutual fund in exchange for a reduced sales charge, e.g. Giving retroactive value to purchases from the earlier date.
Industry:Financial services
In the context of general equities, to describe result of unanticipated events that allow for a purchase at a discount or a sale at a premium.
Industry:Financial services
A business that has terminated operations with a loss to creditors.
Industry:Financial services
A mutual fund that charges investors a fee to sell (redeem) shares, often ranging from 4% to 6%. Some back-end load funds impose a full commission if the shares are redeemed within a designated length of time, such as one year. The commission decreases, the longer the investor holds the shares. The formal name for the back-end load is the contingent deferred sales charge, or CDSC
Industry:Financial services
The risk that the cash flow of an issuer will be impaired because of adverse economic conditions, making it difficult for the issuer to meet its operating expenses.
Industry:Financial services
Creating a hypothetical portfolio performance history by applying current asset selection criteria to prior time periods.
Industry:Financial services
Reporting the results of the separate divisions or subsidiaries of a business.
Industry:Financial services
Related: Fixed income equivalent. Mainly applies to convertible securities. Convertible bond selling essentially as a straight bond. Assuming the issuer is "money good," or will continue to meet credit obligations, such issues can be highly attractive since the price makes virtually no allowance for the bond's call on the common stock, although such issues usually carry high premiums.
Industry:Financial services
