Breakpoint sale

Breakpoint Sale
Breakpoint Sale definition :
For mutual funds,this refers to the practice of soliciting mutual fund purchases just below the breakpoint (to earn more commissions).

BREAKPOINT SALE - For mutual funds, this refers to the practice of soliciting mutual fund purchases jus...
BREAKUP VALUE - See: Private market value.
bA bB bC bD bE bF bG bH bI bJ bK bL bM bN bO bP bQ bR bS bT bU bV bW bX bY bZ
previous 10 ...

Breakpoint Sale
Solicitation of mutual fund purchases at dollar amounts that are just below the eligibility for a breakpoint (reduced sales charges). Sales within $1,000 of breakpoint are usually considered to be breakpoint sales.

BREAKPOINT SALES " Solicited sales at dollar amounts just below the point where a breakpoint (reduced sales charges) would occur. Usually this is within $1,000 of the breakpoint. A breakpoint sale is a violation of NASD rules.

Breakpoint sale: The prohibited practice of selling mutual fund shares in an amount just under a breakpoint (usually within $1,000 of a breakpoint) to earn more commissions.
Broker: See Agent.
Broker/Dealer: A brokerage firm.

Breakpoint sale
For mutual funds, refers to the investment amount necessary to make the fundholder eligible for a reduced sales charge. See: Letter of intent; right of accumulation.
Breakup value
See: Private market value.

Load Fund (business term)
Pure No-Load Fund (finance term)
Front-End Load (business term)
Breakpoint Sale (finance term) ...

its previous high price) or a drop below a level of support (commonly the former lowest price.) A breakout is taken to signify a continuing move in the same direction. Can be used by technical analysts as a buy or sell indicator.
Breakpoint sale ...

See also: NASD, Trading Range, Resistance level, Breakout, Banks