The economic resources of an entity consisting of money, land, buildings, machinery, and other property and property rights. This price refers to the current amount required to buy a given security. Average Maturity - The average time to maturity of securities held by a mutual fund. Changes in interest rates have greater impact on funds with longer average life. Balanced funds can change their asset allocation according to market conditions.
Balanced funds seek a relatively steady return.
The smallest measure used in quoting yields and interest rates. Bearer Certificate - A security whose owner is not registered on the books of the issuer and which is, therefore, payable to the person possessing the certificate. A bearer bond has coupons attached, which the bondholder sends in or presents on the interest date for payment. Bearer stock certificates are negotiable without endorsement. This price refers to the current amount that will be paid upon the sale of a given security.