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Jobbers: Members of a stock exchange who stand ready to buy and sell shares in which they specialize are called jobbers.
Jobbers -
Level Load: Commission (load) that does not vary depending on how long the investor held the investment.
Level Load -
Load: Commissions an investor pays to a mutual fund on entry (buying units) and exit (selling the units)
Load -
Long-Term Bond Fund: A mutual fund that invests in bonds that mature in more than 10 years.
Long-Term Bond Fund -
Management Fee: The amount a mutual fund pays to its investment advisor for services rendered, including management of the fund's portfolio. In general, this fee ranges from .5% to 1% of the fund's asset value.
Management Fee -
Mutual Fund: A Mutual Fund (MF) is a form of trust that pools the funds of a whole lot of investors to make more money by investing in an array of financial instruments.
Mutual Fund
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Junk Bond: A speculative bond rated BB or below by Standard & Poor's Corp. and Ba or below by Moody's Investor Service. See Bond Rating. "Junk bonds" are generally issued by corporations of questionable financial strength or without proven track records. They tend to be more volatile and higher yielding than bonds with superior quality ratings. "Junk bond funds" emphasize diversified investments in these low-rated, high-yielding debt issues.
Junk Bond
Liquid Fund: A liquid fund is the same as a money market fund, but avoids a lock-in period.
Liquid Fund
Lock-In Period: Period during which an investor is restricted from selling a particular investment.
Lock-In Period
Long-Term Capital Gain: A profit on the sale of a mutual fund share that has been held for more than one year.
Long-Term Capital Gain
Money Market Fund: A mutual fund that invests only in money markets such as commercial papers, commercial bills, and treasury bills certificate of deposit and other instruments specified by RBI. These funds have a minimum lock-in period of 15 days. Till recently, the RBI regulated money market funds but they now come under SEBI.
Money Market Fund
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