Exchange Privilege - An exchange privilege is a special feature, which are offered in some of the mutual funds families which allow investors to switch, or swap, from one mutual fund with a family unit to another within the same family fund unit, ...
exchange privilege investment & finance definition
The right to exchange shares in one mutual fund for shares in another fund managed by the same firm. The rate at which shares are exchanged is determined by differences in relative values.
Exchange Privilege
The opportunity given to mutual fund shareholders to exchange their investment in a fund for another within the same fund family at no additional cost.
Exchange Privilege: The option of enabling mutual fund shareholders to transfer their investment from one fund to another within the same fund family.
Exchange privilege
A mutual fund shareholder's right to switch from one fund to another within one fund family, usually at no additional charge.
Exchange rate
The price of one country's currency expressed in another country's currency.
Some funds offer exchange privileges within a family of funds, allowing shareholders to transfer their holdings from one fund to another as their investment goals or tolerance for risk change.
Exchange Privilege
The right of an investor to transfer to another mutual fund under the same management without incurring any additional sales charge.
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: Exchange, Investment, Share, Mutual Fund, Stock
  
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