Forex Trading Course

Category: glossary , Asked by: W. T. From Vaughan, Canada

A: A mutual fund that has been closed - either temporarily or permanently - to new investors because the investment advisor has determined that the fund's asset base is getting too large to effectively execute its investing style. Generally, current shareholders in a closed mutual fund are permitted to continue investing in the fund, but sometimes they are also be precluded from making additional investments. A closed mutual fund should not be confused with a closed-end fund. This type of fund has a fixed number of shares, generally invests in specialized sectors, and is structured and listed as a stock on a stock exchange.

Category: glossary , Asked by: Isai J. From Ireland

A: "overallotment " is Selling more securities than are available in an IPO. Investors (on a so-called waiting list) hope that some orders will not be confirmed, allowing them to get in on the IPO.

Category: glossary , Asked by: B. A. From United States

A: the "non qualifying life policy " is A life assurance policy which does not satisfy the requirements of the Inland Revenue and does not qualify for certain tax relief. See 'qualifying policy'.