It is a reflection of the corporation's condition at the close of the business year, and the results of operations for that year. The payment a corporate or governmental issuer makes to bondholders in return for the loan of money. Investment Company A company engaged primarily in the business of investing in securities. Margin Account A type of account with a broker-dealer, in which the broker agrees to lend the customer part of the amount due for the purchase of securities. Generally, a mutual fund which typically invests in short-term debt instruments such as government securities, commercial paper, and large denomination certificates of deposit of banks.
Most victims are otherwise intelligent and prudent people.
Sadly, some families lose savings they worked years to accumulate, through a 15-minute phone conversation. The investment company itself is also commonly referred to as a mutual fund. The dollar value of one share of a mutual fund at a given point in time, which is calculated by adding up the value of all of the fund's holdings and dividing by the number of outstanding shares. Fund A type of mutual fund that offers its shares directly to the public at their net asset value with no accompanying sales charge. Odd Lot Fewer than 100 shares of stock.