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Exchange privilege
A feature offered by some mutual Fund families in which an investor is able to switch from one mutual Fund to another within the Fund family without having to pay a sales Charge . The IRS treats the Exchange as a sale and Purchase for Tax purposes.
Semi Related Terms: 587 CLICK HERE TO VIEW
1035 exchange ,
Allowance for depreciation ,
Accrual of discount ,
After-tax basis ,
American Stock Exchange ,
Amortization of premium ,
At par ,
All or any part ,
At best ,
At call ,
Accumulated earnings tax ,
At risk ,
Add-on service ,
Abstract of title ,
Action to quiet title ,
As is ,
Assignment to creditors ,
Attorney in fact ,
Assignment of mortgage ,
Aggressive growth fund ,
A shares ,
Asset allocation fund ,
At the money ,
After-tax contributions ,
Across the board ,
Additional paid-in capital ,
Abusive tax shelter ,
After-tax ,
Alternative Minimum Tax ,
Against the box ,
At the bell ,
At the close ,
At the figure ,
At the full ,
At the market ,
At the opening order ,
Automated Pricing and Reporting System ,
Away from the market ,
Accredited investor ,
Angel investor ,
Back pay ,
Below the line ,
Books of final entry ,
Books of original entry ,
Banking Act of 1933 ,
Balanced fund ,
Bid-to-cover ratio ,
Blend fund ,
Bond fund ,
Bureau of Public Debt ,
Brought over the wall ,
Buying on margin ,
Buy on close ,
Buy on opening ,
Buy the book ,
Balance of payments ,
Board of Governors ,
Breaking the syndicate ,
Bill of exchange ,
Bill of sale ,
Breach of trust ,
By the book ,
Bailing out ,
Blitzkrieg tender offer ,
Bulk sales escrow ,
B shares ,
Buy and write ,
Before-tax income ,
Break-even tax rate ,
Blow-off top ,
Breadth-of-market theory ,
Beat the gun ,
Charge ,
Cost Of Goods Sold ,
Cost of sales ,
Certificate of Participation ,
Committee on Uniform Securities Identification Procedures ,
Closed out ,
Code of procedure ,
Chicago Mercantile Exchange ,
Capitalization of income ,
Cost of Living Adjustment ,
Cost-of-living index ,
Council of Economic Advisers ,
Carrying charge ,
Cash and carry trade ,
Chasing the market ,
Cheapest to deliver ,
Chicago Board of Trade ,
Commodities Exchange Act ,
Commodities Exchange Center ,
Commodity Exchange ,
Cost-of-living rider ,
Certificate of stock ,
Chicago Board Options Exchange ,
Cost of carry ,
Certificate of title ,
Contract for deed ,
Contract sale ,
Cancellation of debt ,
Cash-out refinancing ,
Certificate of Claim ,
Charge card ,
Cost of debt capital ,
Cost of funds ,
Crowding out ,
Creeping tender offer ,
Capital appreciation fund ,
Clone fund ,
Closed-end fund ,
Closed fund ,
Contingent deferred sales charge ,
Crossover fund ,
C shares ,
Class of options ,
Close to the money ,
Certificate of Occupancy ,
Cloud on title ,
Cash or Deferred Arrangement ,
Cash sale ,
Class A Shares ,
Class B Shares ,
Crash of 1929 ,
Crash of 1987 ,
Capital gains tax ,
Child and dependent care credit ,
Consolidated tax return ,
Coefficient of determination ,
Cup and handle ,
Certificate of delivery ,
Close a position ,
Close out ,
Closing purchase ,
Cornering the market ,
Curbs in ,
Curbs out ,
Days Sales Outstanding ,
Deferred charge ,
Deferred tax ,
Deposit in transit ,
Date of issue ,
Date of payment ,
Division of Enforcement ,
Division of Investment Management ,
Division of Market Regulation ,
Do Not Reduce ,
Date of record ,
Dividend in arrears ,
Desk (the) ,
Division of labor ,
Doing business as ,
Durable Power of Attorney ,
Date of maturity ,
Debtor in possession ,
Debtor-in-possession financing ,
Deed of Release ,
Deed of Trust ,
Discharge of bankruptcy ,
Discharge of lien ,
Due-on-sale clause ,
Dual-purpose fund ,
Deep in the money ,
Deep out of the money ,
Deed of Surrender ,
Department of Housing and Urban Development ,
Dogs of the Dow ,
Depth of market ,
Eurodollar certificate of deposit ,
Escrowed to maturity ,
Exchange ,
Ex-legal ,
Either-or order ,
Exchange seat ,
Exchange rate ,
E-mini ,
Exchange against actuals ,
Exchange for futures ,
Exchange for physical ,
Exchange of spot ,
Exchange versus cash ,
Ex-pit transaction ,
Effective tax rate ,
Employee Stock Purchase Plan ,
Ex-all ,
Exchange ratio ,
Enhanced index fund ,
Environmental fund ,
Equity fund ,
Exchange fund ,
Exchange privilege ,
Exchange-traded option ,
Ex-warrants ,
Estate tax ,
Employee Retirement Income Security Act of 1974 ,
Ex-rights ,
Ex-rights date ,
Earned income tax credit ,
Estimated tax ,
Excess profits tax ,
Excise tax ,
Exchange distribution ,
First In First Out ,
Fixed-charge coverage ratio ,
Federal Savings and Loan Association ,
Flight to quality ,
Flow of funds ,
Fill or kill ,
Front-ending an order ,
Fund supermarket ,
Floating exchange rate ,
Foreign exchange ,
Foreign exchange rate ,
Forward exchange rate ,
Forward P/E ,
Factors of production ,
Favorable balance of trade ,
Fee-for-service ,
Form S-1 ,
Friends and family offering ,
Fund ,
Finance charge ,
Forward sale ,
Full faith and credit ,
Family of funds ,
Focused fund ,
Fund family ,
Fund manager ,
Fund of funds ,
Free and clear ,
Free right of exchange ,
Federal Tax Identification Number ,
Federal tax lien ,
Flat tax ,
Franchise tax ,
Gross sales ,
G-7 ,
General Agreement on Tariffs and Trade ,
G-8 ,
Global fund ,
Group sale ,
Growth and income fund ,
Growth fund ,
Gather in the stops ,
Gift tax ,
Hart-Scott-Rodino Act of 1976 ,
Hit the bid ,
House of issue ,
Hang Seng Index ,
Health Insurance Portability and Accountability Act ,
Holder in due course ,
Hang out loan ,
Home equity line of credit ,
Hedge fund ,
Hidden tax ,
Head and shoulders ,
Hammering the market ,
Held at the opening ,
Holding the market ,
In escrow ,
In-house ,
Investment Advisor Act of 1940 ,
Investment Company Act of 1940 ,
In line ,
International Monetary Fund ,
Insider Trading sanctions Act of 1984 ,
Internal Rate of Return ,
Investor relations ,
Indication of interest ,
In intestacy ,
In play ,
In-process research and development ,
Income fund ,
Index fund ,
Institutional fund ,
International fund ,
Investment fund ,
I/O strip ,
Inheritance tax ,
Installment sales contract ,
In-service withdrawal ,
Individual tax return ,
Imbalance of orders ,
In and out ,
Individual investor ,
Institutional investor ,
In sympathy ,
In the tank ,
Jointly and severally ,
Jumping the gun ,
Joint and several liability ,
Joint and survivor annuity ,
Joint tax return ,
Knock-out option ,
Last In First Out ,
Lender of last resort ,
Law of one price ,
Lending at a rate ,
Limit-on-close order ,
Law of demand ,
Law of supply ,
London International Financial Futures and Options Exchange ,
London Inter-Bank Offer Rate ,
Letter of comment ,
Line of credit ,
Loan-to-cost ,
Loan-to-value ,
Lock-in ,
Lifecycle fund ,
Load fund ,
Lease-purchase agreement ,
Leading the market ,
Like-kind exchange ,
Locked in ,
Long-term gain or loss ,
Luxury tax ,
Last sale ,
Level I quotes ,
Mutual association ,
Mutual company ,
Mutual Savings Bank ,
Municipal bond fund ,
Muni fund ,
Make a market ,
Market on close order ,
Mark-to-market ,
Medium of exchange ,
Marginal propensity to consume ,
Money at call ,
Mutual fund ,
Mutual fund custodian ,
Mutual fund symbol ,
Mutual exclusion doctrine ,
Mutual improvement certificate ,
Net sales ,
Negotiable certificate of deposit ,
Negotiable Order of Withdrawal ,
New York Stock Exchange ,
Notice of Sale ,
National Association of Securities Dealers ,
National Association of Securities Dealers Automated Quotations system ,
No limit order ,
No quote ,
New York Futures Exchange ,
No-Fault ,
No-Action Letter ,
Null and void ,
No-lien affidavit ,
Notice of Default ,
No-load ,
Non-resident alien tax ,
National Association of Real Estate Investment Trusts ,
No-load stock ,
Net change ,
No book ,
Nonaccredited investor ,
Off-balance-sheet financing ,
Off the books ,
One time charge ,
Other current assets ,
Other long term liabilities ,
Office of Thrift Supervision ,
Offer ,
Out-of-favor ,
Over-the-Counter ,
Off-floor order ,
On-floor order ,
On margin ,
Or better ,
Other income ,
One-share one-vote rule ,
Opinion of title ,
On account ,
On-the-spot loan ,
Open-end fund ,
Option income fund ,
Out of the money ,
Old age, survivors, and disability insurance ,
On-balance volume ,
Off-board ,
On close ,
One man picture ,
On open ,
On the opening ,
Option exchange ,
Pooling of interests ,
Pre-tax profit margin ,
Profit and loss statement ,
Payment-in-kind security ,
Price Value of a Basis Point ,
Provisional call feature ,
Public purpose bond ,
Purchase ,
Payment for order flow ,
Purpose loan ,
P&L ,
Provision for income taxes ,
Power of Attorney ,
Preforeclosure sale ,
Prioritization of debt ,
Purchase-money mortgage ,
Pooled fund ,
Prime rate fund ,
Publicly-traded fund ,
Pure index fund ,
Property tax ,
Purchase agreement ,
Pension fund ,
Paid-in capital ,
Paid-in surplus ,
Passive investor ,
Percent held by institutions ,
Private Investment in Public Equity ,
Preservation of capital ,
Progressive tax ,
Proportional tax ,
Point-and-figure chart ,
Painting the tape ,
Priced out ,
Primary exchange ,
Qualified institutional investor ,
Reports and Records ,
Return of capital ,
Return on Capital ,
Return on Invested Capital ,
Return on Total Assets ,
Reading the tape ,
Regulation D ,
Regulation G ,
Regulation T ,
Regulation U ,
Round of funding ,
Rules of Fair Practice ,
Rate of exchange ,
Reciprocal of European terms ,
Retail sales index ,
Regional fund ,
Red herring ,
Regulation A ,
Right of first refusal ,
Right of rescission ,
Right to Know ,
Revolving line of credit ,
Right of recourse ,
Rule of 78 ,
Right of redemption ,
Retirement Equity Act of 1984 ,
Risk/return trade-off ,
Regressive tax ,
Return on Capital Employed ,
Rate of return ,
Real rate of return ,
Regional exchange ,
Retail investor ,
Sales ,
Sales ledger ,
Selling, General and Administrative Expenses ,
SG&A ,
Sales charge ,
Sales fee ,
Savings and Loan ,
Savings Association Insurance Fund ,
Sight letter of credit ,
S&L ,
Securities and Exchange Commission ,
Sinking fund ,
Securities Investor Protection Corporation ,
Segregation of securities ,
Sell the book ,
Same-store sales ,
Standard of living ,
Second-to-die insurance ,
Stock exchange ,
Severally but not jointly ,
Statute of Limitations ,
Sale and leaseback ,
Satisfaction of debt ,
Staggered board of directors ,
Sector fund ,
Series fund ,
Socially responsible fund ,
Specialized fund ,
Specialty fund ,
Stock fund ,
Selling the spread ,
Savings Incentive Match Plan for Employees ,
Social Security Tax ,
Surrender charge ,
Selling short against the box ,
Shorting against the box ,
Short purchase ,
Short sale rule ,
Sales tax ,
S Corporation ,
Self-employment tax ,
Separate tax returns ,
Short-term gain or loss ,
Sin tax ,
Subchapter M ,
Subchapter S Corporation ,
Schedule C ,
Securities Act of 1933 ,
Securities Acts Amendments of 1975 ,
Securities Exchange Act of 1934 ,
Seek a market ,
Small investor ,
Sophisticated investor ,
S&P phenomenon ,
Stop and reverse ,
Stopped out ,
Tax anticipation note ,
Tax-exempt bond ,
Tax renevue anticipation note ,
T-Bill ,
Term to maturity ,
Take a position ,
Trailing P/E ,
Tax haven ,
Tax ,
Tax schedule ,
Tender offer ,
Tenancy by the entirety ,
Trust fund ,
Truth in Lending ,
Tax-free bond fund ,
Tax-managed fund ,
Tax lien ,
Tax roll ,
Tenancy at will ,
Transfer tax ,
Tax deferral ,
Tax-deferred ,
The Street ,
Timing the market ,
Tax-advantaged ,
Tax audit ,
Tax base ,
Tax basis ,
Tax bracket ,
Tax-deductible ,
Tax deduction ,
Tax-efficient ,
Tax evasion ,
Tax-exempt ,
Tax identification number ,
Tax loss carryback ,
Tax loss carryforward ,
Tax lot ,
Taxpayer Relief Act of 1997 ,
Tax planning ,
Tax preference item ,
Tax Reform Act of 1986 ,
Tax Reform Act of 1993 ,
Tax return ,
Tax sale ,
Tax shelter ,
Tax shield ,
Tax swap ,
Tax tables ,
Top out ,
Take a bath ,
Thin market ,
U.S. Government Agency Security ,
U.S. Savings Bond ,
U.S. Treasury ,
U.S. Treasury Bill ,
U.S. Treasury Bond ,
U.S. Treasury Note ,
U.S. Treasury Securities ,
Unlimited tax bond ,
Unified Tax Credit ,
Unit of trade ,
Unit of trading ,
Value Added Tax ,
With interest ,
World fund ,
Waiver of premium ,
Widow-and-orphan stock ,
W-2 Form ,
Wash sale rule ,
W formation ,
When, as, and if issued ,
X or XD ,
Year-To-Date ,
Yield to call ,
Yield to maturity ,
Yield to worst ,
Y shares