Meaning DUAL-PURPOSE FUND: A closed-end fund consisting of two classes of shares. The two classes are preferred shares, on which shareholders receive all the dividends and interest from the portfolio, and common shares, on which shareholders receive all the capital gains
More terms such as Dual-purpose fund in Dictionary D.
- Definition Discount Yield:
- Examples interest rate on a security sold to an investor at a discount. A bond that is sold at $4875 that matures to $5000 has a discount of $125. To calculate the discount yield: (discount divided by the dual-purpose fund definition.
- Definition Default:
- Examples Failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bond indenture dual-purpose fund explain.
- Definition Debit Balance:
- Examples The amount that is owed to a broker by a margin customer for loans the customer uses to buy securities dual-purpose fund what is.
- Definition Diffusion Process:
- Examples A conception of the way a stock's price changes that assumes that the price takes on all intermediate values dual-purpose fund meaning.
- Definition Drop-Dead Fee:
- Examples A term of British origin referring to fee that must be paid if a deal falls through because of financing issues dual-purpose fund abbreviation.
