Business / Taxes / Open-End Mutual Fund: Most mutual funds are open-end funds. This means they issue and redeem shares on a continuous basis, and grow or shrink in response to investor demand for their shares. Open-end mutual funds trade at their net asset value (NAV), and if the fund has a front-end sales charge, that sales charge is added to the NAV to determine the selling price. NAV is the value of the fund?€™s investments, plus money awaiting investment, minus operating expenses, divided by the number of outstanding shares. An open-end fund is the opposite of a closed-end fund, which issues shares only once. After selling its initial shares, a closed-end fund is listed on a securities market and trades like stock. The sponsor of the fund is not involved in those transactions. However, an open-end fund may be closed to new investors at the discretion of the fund management, usually because the fund has grown very large.
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Fund Adjective Synonyms: supply, stock, reserve, store, pool, cache, reservoir, repository, mine
Fund Noun Synonyms: finance, back, capitalize, stake, support, pay for, endow, grant, subsidize
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Mutual Verb Synonyms: reciprocal, reciprocated, requited, interactive, complementary
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Business / Taxes / Exchange-Traded Fund (ETF): Exchange-traded funds (ETFs) are listed on a stock exchange and trade like stock. You can use traditional stock trading techniques, such as stop orders, limit orders, margin purchases, and short sales MORE
Business / Finance / Overfunded Pension Plan: A pension plan that has a positive surplus (i.e., assets exceed liabilities). MORE
Business / Finance / Pension Fund: A fund set up to pay the pension benefits of a company's workers after retirement. MORE