Advertising

Open end fund

• Also called a mutual fund, an investment company that stands ready to sell new shares to the public and to redeem its outstanding shares on demand at a price equal to an appropriate share of the value of its portfolio, which is computed daily at the close of the market.

 
 

Follow this link for all the terms related to fund.

 
 Embedded terms in definition
 Close
Demand
Investment company
Market
Mutual fund
Outstanding shares
Portfolio
Sell
Shares
Share
 
 Related Terms
 

<< Open contracts Open end investment company >>

What to Know Before Declaring Your Financial Independence: Twenty-somethings may not realize it, but every time they enter a new phase of their life as young adults - perhaps starting college, a career or a family - they're also venturing into a new world of money management. Here are ways to be prepared. More...

Beware of small expenses; a small leak will sink a great ship. - Benjamin Franklin (1706-1790)

Advertising



Copyright 2009-2018 GVC. All rights reserved.