An arrangement in which a mutual fund investor chooses to receive periodic,...
same as automatic withdrawal
Systematic program for withdrawing a specified amount of money each month from one or more mutual funds. The money is then paid to you in a check, or is wired to your bank.
Refers to mutual fund redemptions which occur automatically on a periodic basis.
A program in which shareholders receive payments from their mutual fund investments at regular intervals.
A mutual fund plan that allows a specified amount of money to be withdrawn at specified intervals.
Option of an open-end shareholder to receive periodic payment from his or her account. The payment may be more or less than investment income during that time period and therefore may imply the selling of shares.
A systematic withdrawal from an account. Withdrawals may be based on a fixed dollar amount or fixed number. This plan is normally a free service offered by a mutual fund.
The ability to establish automatic periodic mutual fund redemptions and have proceeds mailed directly to the investor.
A fund service allowing shareholders to receive income or principal payments from their fund account at regular intervals.
Whereby proceeds from automatic periodic mutual fund redemptions are mailed directly to the investor.
Agreement that a mutual fund will disburse automatic periodic redemptions to the investor.
Open-end mutual fund program in which shareholders can receive fixed payments of income and/or capital gains on a monthly or quarterly basis. See: Capital Gain; Mutual Fund; Open End Management Company