Prime rate fund

Prime Rate Funds
These funds invest in senior corporate loans and senior secured debt securities.
These funds anticipate paying dividends that float or reset at a margin above a generally recognized rate such as LIBOR (London Inter-Bank Offer Rate).

Prime rate fund
Definition: [crh] A mutual fund that buys portions of corporate loans from banks and pays the interest Definition: to shareholders.

Prime rate fund
A mutual fund that buys portions of corporate loans from banks and pays the interest to shareholders.

Do Money-Market Funds Pay?
Looking For Income? Consider Prime Rate Funds
Market On Close - MOC
A market order to be executed as near to the end of the exchange day as possible. Also known as an "at-the-close order." ...

The interest rate at which banks lend to their best (prime) customers. More often than not, a bank's most creditworthy customers borrow at rates below the prime rate.
Prime rate fund ...

prime rate fund The mutual fund that attempts to match the return of the prime rate, by investing in high quality corporate debt. principal The amount borrowed, or the part of the amount borrowed but unpaid. Also known as principal amount.

See also: Banks, Preferred share, Convertible Bond, Expense, Yield curve