Funds

Funds

Industry: Financial services

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Funds

12b-1 fees

Financial services; Funds

Fees imposed by mutual funds used to cover distribution and shareholder servicing costs, under rule Rule 12b-1, which was adopted by the SEC in 1980.

A call option is out of the money if the strike price is greater than the market price of the underlying security. A put option is out of the money if the strike price is less than the market price ...

26 week average

Financial services; Funds

The average of the fund's weekly Premium (Discount) calculations for the last 26 weeks. Related to Net Asset Value: The premium/discount to Net Asset Value.

outgoing wire

Financial services; Funds

An electronic transfer of funds leaving your account.

2nd beneficiary

Financial services; Funds

Some life insurance contracts are designed to insure two lives, with the death proceeds are payable on the second death ("second-to-die" policies). Hence, there are two insureds.