A type of mutual fund that seeks long-term growth of capital, current income, and growth of income. These funds tend to concentrate on stocks of large, dividend-paying companies with good prospects for future earnings growth. Income A monetary gain from an investment, generally referring to periodic interest payments from a bond or bond mutual fund, or dividend-paying stocks. A type of mutual fund designed to provide current income, either on a monthly or quarterly basis. Issuer The legal entity that has the power to issue and distribute a stock, bond, or other security.
Issuers can include corporations, governments, and investment trusts.
Issuers of stock report on developments of interest to shareholders and pay dividends, while issuers of bonds are responsible for making timely payments of interest and principal. A back-end load is charged when an investor takes money out of the fund, though this charge usually declines to nothing after five or six years. The date when the principal amount of a bond, note, or other debt instrument is due and payable. A type of mutual fund composed of short-term debt instruments, including commercial paper, negotiable certificates of deposit, Eurodollar certificates of deposit, bankers' acceptances, Treasury bills, and discount notes of the Federal Home Loan Bank and the Federal National Mortgage Association. The dealers in these markets, mainly located in New York, London, and Tokyo, are in constant touch with each other and major borrowers and investors, buying and selling these instruments, which can have maturities from a few days to a few weeks.