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 Dilution Protection:
- Examples that changes the conversion ratio in the case of a stock dividend or extraordinary distribution to avoid dilution of a convertible bondholder's potential equity position. Adjustment usually dual-purpose fund definition.
- Definition Depository Preferred:
- Examples Device enabling an issuer to circumvent an arbitrary corporate limit on the number of preferred shares issuable. Applies mainly to convertible securities dual-purpose fund explain.
- Definition Dual Banking:
- Examples Describes United States custom in which a bank is chartered by the state or federal government dual-purpose fund what is.
- Definition Distributing Syndicate:
- Examples A syndicate consisting of a number of brokerage firms or investment bankers that work together to sell and disperse a large lot of securities dual-purpose fund meaning.
- Definition Discount Broker:
- Examples A brokerage house featuring relatively low commission rates in comparison to a full-service broker dual-purpose fund abbreviation.
