Exchange privilege

exchange privilege

The right to switch from one fund to another within a single family of mutual funds.

EXCHANGE PRIVILEGE - A mutual fund shareholder's right to switch from one fund to another within one fu...
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Exchange Privilege (SWAPS): The ability of a shareholder to transfer investments from one mutual fund to another within a :family" of funds managed by the same company.

Exchange Privileges
Exchange privileges give the mutual fund or variable annuity investor the ability to exchange one fund, or sub-account, for another within the same family, without incurring a sales charge.

Exchange Privilege
A mutual fund feature that allows a shareholder to convert from one fund to another fund within the same mutual fund family. For example, in a bull market an investor placed their money in an aggressive growth fund.

EXCHANGE PRIVILEGE A shareholder service that allows shareholders to move their assets from one fund to another fund within the same mutual fund family, usually without any additional sales charge or fees.

Exchange Privilege (Or switching privilege)
The right to transfer investments from one fund into another, generally within the same fund group, at nominal cost.

exchange privilege
A feature offered by a mutual fund in which a shareholder is able to move money between various funds at a very minimal processing charge and without a commission.

An offer by a firm to give one security, such as a bond or preferred stock, in exchange for another security, such as shares of common stock.
Exchange privilege ...

exchange privilege The shareholder's ability to move money from one mutual fund to another within the same fund family, often without additional charge. exchange rate The price at which one currency trades for another.

exchange privilege A feature offered by some mutual fund families in which an investor is able... exchange rate The rate at which one currency may be converted into another. Also known as...

See also: Expense, Banks, Record Date, Ex-dividend, Fund Family