Closed-end mutual funds offer only a fixed number of shares and usually trade on an exchange. A type of mutual fund that sells its shares at market value without sales charges. A written promise by a government or corporation to repay a debt. The date for repayment is generally a year to 10 years later. A type of fund that issues as many shares as investors demand.
Most mutual funds are open-end funds.
An agreement allowing an investor to buy or sell something, such as shares of stock, during a specific time for a specific price. Options are traded on several exchanges, including the Chicago Board of Options Exchange, the American Stock Exchange, the Philadelphia Stock Exchange, the Pacific Stock Exchange and the New York Stock Exchange. The date that a stock's dividend or a bond's interest payment is scheduled to be paid. The percentage of earnings paid to shareholders as dividends. Ownership shares of a company that have no voting rights but do have a set, guaranteed dividend payment.