Advertising

Phone switching

• In mutual funds, the ability to transfer shares between funds in the same family by telephone request. There may be a charge associated with these transfers. Phone switching is also possible among different fund families if the funds are held in street name by a participating broker/dealer.

 
 Embedded terms in definition
 Held
Mutual funds
Mutual fund
Shares
Street name
Street
Switching
 
 Related Terms
 Switching

<< Phlx Pibor >>

"Green" Banking: Saving the Environment as You Save and Borrow Money: You're probably already recycling paper, glass and plastic. But did you know you also may be able to help save the environment as you do your banking? Here are options that may be available from your bank. More...

Instruction does much, but encouragement does everything. Johann Wolfgang Von Goethe

Advertising



Copyright 2009-2019 GVC. All rights reserved.