Related Words

Asset Allocation Mutual Fund: A mutual fund that rotates amoung stocks, bonds, and money market securities to maximize return on investment and minimize risk.

Nonreproducible Assets: A tangible asset with unique physical properties, like a parcel of land, a mine, or a work of art.

Nonrefundable Tickets: A no money back purchased ticket. Airlines usually allow customers to 'reuse' the same amount of the ticket purchased in future travel for a little fee.

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

Nonrefundable: Not permitted, under the terms of an indenture, to be refundable.

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.

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

Open-End Fund: Used in the context of general equities. Mutual fund that continually creates new shares on demand. Mutual fund shareholders buy the funds at net asset value and may redeem them at any time . . . View Full Definition

Offshore Fund: An offshore fund is a mutual fund that’s sponsored by a financial institution that’s based outside the United States. Unless the fund meets all of the regulatory requirements imposed on dome . . . View Full Definition

Nonperforming Asset: An asset that is not effectively producing income, such as an overdue loan.