Related Words

Aggressive Growth Mutual Fund: A mutual fund designed for maximum capital appreciation that places its money in companies with high growth rates.

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

Overfunded Pension Plan: A pension plan that has a positive surplus (i.e., assets exceed liabilities).

Pension Fund: A fund set up to pay the pension benefits of a company's workers after retirement.

Performance Fund: A growth-oriented mutual fund investing in growth stock and performance stock with low dividends and high risk.

Plan Funding: The method that an employer or other payor or purchaser uses to pay medical benefit costs and administrative expenses.

Petty Cash Fund: A small amount of cash kept on hand for making miscellaneous payments.

Option Mutual Fund: A mutual fund that buys and sells options for aggressive or conservative investment.

Open-End Mutual Fund: Most mutual funds are open-end funds. This means they issue and redeem shares on a continuous basis, and grow or shrink in response to investor demand for their shares. Open-end mutual funds . . . View Full Definition

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