Related Words

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

Objective (Mutual Funds): The fund's investment strategy category as stated in the prospectus. There are more than 20 standardized categories. E.g. Aggressive growth, balanced.

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

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

Refunds: Greenville Technical College will refund a portion of tuition paid by students who withdraw from courses by specified dates. The schedule of dates, the percentage of tuition eligible to be r . . . View Full Definition

Insufficient Funds: If you don’t have enough money available in your checking account to cover the checks you’ve written or electronic debits you’ve authorized, you have insufficient funds (ISF) or nonsufficien . . . View Full Definition

Funds From Operations (FFO): Related: Interest rate risk

Good Funds: Cash, cashiers checks and personal checks that have cleared the bank.

Reserve Funds: An expense category in the operating budget. Monies that are set aside for replacement expenditures not covered by insurance such as roof or furnace repairs.

Mutual Funds: Investment companies that pool money from shareholders and invest in a variety of securities, including stocks, bonds, and short-term money market assets.