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Debenture Bond
A bond is backed only by the reputation of the issuing corporation, rather than by its assets
Loaded Fund
A mutual fund in which you pay commission every time you buy or sell shares
Convertible Bond
A bond that an investor can trade for shares of the corporation’s common stock
Capital Gain
The profit that results from an increase in value when an investor sells shares in a mutual fund
Mortage Bond
A bond that is backed by the assets of a corporation
Face Value
The dollar amount that the bondholder will receive at the bond’s maturity
Maturity Date
The date when a bond will be repaid
12b-1 Fees
Helps for marketing and advertising a mutual fund
General Obligation Bond
A bond that is backed by the full faith & credit of the government that issued it
Family of Funds
A variety of mutual funds managed by one investment company; Allows investors to adjust their investment conveniently to achieve a different financial objective
Registered Bonds
A bond regiestered in the owner’s name by the company that issues the bond
Bearer Bond
A bond that is not registered in the investor’s name
Yield
The rate of return earned by an investor who holds a bond for a certain period of time
Open-ended Funds
A mutual fund with an unlimited number of shares that are issued & redeemed by an investment company at the investor’s request
Net Asset Value (NAV)
The amount that one share of a mutual fund is worth
Serial Bonds
Bonds issued at the same time but which mature on different dates
Closed-end Funds
A mutual fund with a fixed number of shares that are issued by an investment company when the fund is first organized
Coupon Bond
A bond that is registered in the owner’s name for only the face value and not for interest
Exchanged-traded Fund (ETF)
A fund that invests in stocks or other securities contained in a specific stock or securities index
Zero-coupon Bond
A bond that does not produce interest payments; Sold well below face value to insure a profit at maturity
Sinking Fund
A fund to which a corporation makes deposits for the purpose of paying back a bond issue
Income Dividends
The earrnings a mutual fund pays to shareholders
Municipal Bonds
Bonds issues by state and local governments to pay for projects
Investment-grade Bonds
Bonds that are issues by financially stable companies or municipalities