GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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12:36 Apr 9, 2004 |
Dutch to English translations [PRO] Bus/Financial - Investment / Securities | |||||||
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| Selected response from: jarry (X) South Africa Local time: 17:36 | ||||||
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Summary of answers provided | ||||
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4 +1 | redemption value |
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redemption value Explanation: http://www.canada.etrade.com/estation/glossary/index_m.shtml An open end investment company that pools investors' money to invest in a variety of stocks, bonds, or other securities. A mutual fund issues and redeems shares to meet demand, AND THE REDEMPTION VALUE PER SHARE IS THE NET ASSET VALUE PER SHARE, less in some cases a redemption fee which represents a rear-end load. A closed end fund, often incorrectly called a mutual fund, is instead an investment trust. Both are investment companies regulated by the Investment Company Act of 1940. |
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