Related Words

Funds: A pool of money normally set apart for a purpose, for example, a pension fund to provide pensions.

Federal Funds: When banks have more cash than they're required to in their reserve accounts, they can deposit the money in a Federal Reserve bank or lend it to another bank overnight. That money is called . . . View Full Definition

Fund Of Funds (FOF): A fund of funds is a pooled investment, such as a mutual fund or a hedge fund, whose underlying investments are other funds rather than individual securities. Despite some major differences, . . . View Full Definition

Pension Funds: Pension funds usually have large amounts of money available for investment. Because of the comparatively high yields and low risks offered by mortgages, pension funds have begun to participa . . . View Full Definition

12B-1 Funds: Mutual funds that do not charge an up-front or back-end commission, but instead take out up to 1.25% of average daily fund assets each year to cover the costs of selling and marketing shares . . . View Full Definition

Automatic Funds Transfer: A transfer of funds from one account or investment vehicle to another using electronic or telecommunications technology.

Electronic Funds Transfer: Electronic funds transfer (EFT) is the means by which financial institutions exchange billions of dollars every day without the physical movement of any paper money. Money moves electronical . . . View Full Definition

Endowment Funds: Many commercial banks and mortgage bankers handle investments for endowment funds. The endowments of hospitals, universities, colleges, charitable foundations and other institutions provide . . . View Full Definition

Not-Sufficient-Funds Check: A bank check having insufficient funds to back it.

State Guaranty Funds: State guaranty funds, which are offered in every state, protect contract owners against the insolvency of an insurance company that has issued insurance contracts, including annuity contract . . . View Full Definition