The time at which the principal is due on a bond . These mutual funds invest in cash equivalents and provide low but safe income. Mortgage-Backed Securities whose value or payout depends on an underlying pool of mortgages. S-Z Net Asset Value A term associated with mutual funds to denote the total value of the fund expressed on a per share basis. The actual rate of return not adjusted for inflation.
Nominal returns contrast with real returns.
Passive Describes an investment process which is designed to match a benchmark such as the market. Passive management is the opposite of active management. Passive management is associated with low fees and turnover. Principal A sum of money invested as capital. This term contrasts with income.