Tag: fund
Back-End Load
What is a 'Back-End Load' A back-end load is a fee (sales charge or load) that investors pay when selling mutual fund...
Charitable Remainder Trust
What is a Charitable Remainder Trust
A Charitable Remainder Trust, or CRT, is a type of trust that allows the settlor (the person establishing the...
Canadian Royalty Trust (CANROY)
What is a Canadian Royalty Trust (CANROY)?
A Canadian Royalty Trust (CANROY) is a type of investment that allows investors to receive income from natural...
CalPERS
What is 'CalPERS' The California Public Employees' Retirement System (CalPERS), an organization that provides numerous benefits to its more than 1.6 million...
Calamity Call
What is 'Calamity Call' A call feature of a Collateralized Mortgage Obligation (CMO) designed primarily to reduce the issuer's reinvestment risk. If...
Pale Recession
What is 'Pale Recession' A phrase used in May 2008 by former Federal Reserve Board Chairman Alan Greenspan to describe an economic...
Partial Redemption
What is 'Partial Redemption' An investment-transaction classification that refers to the withdrawal of a portion of a security's value by the owner....
Passive ETF
What is a Passive ETF and how does it work
A passive Exchange-Traded Fund (ETF) is a type of investment fund that aims to track...
Net Asset Value
DefinitionNet asset value is the value of an entity's assets minus the value of its liabilities, often in relation to open-end or mutual funds,...
Palisades Water Index
DefinitionThe Palisades Water Index is a modified equal-dollar weighted stock market index. It is designed to track the performance of companies engaged in the...