Mutual Fund - Law Dictionary Search Results
Home Dictionary Name: mutual fundmutual fund
mutual fund see fund ...
fund
fund 1 : a sum of money or other resources whose principal or interest is set aside for a specific objective cli·ent security fund : a fund established by each state to compensate clients for losses suffered due to their attorneys' misappropriation of funds common trust fund : an in-house trust fund established by a bank trust department to pool the assets of many small trusts for greater diversification in investing executor fund : a fund established in estate planning to provide for the payment of final expenses by an executor joint wel·fare fund : a fund that is established by collective bargaining to provide health and welfare benefits to employees and that is jointly administered by representatives of labor and management paid-in fund : a reserve cash fund in lieu of a capital stock account set up by mutual insurance companies to cover unforeseen losses sink·ing fund : a fund set up and accumulated by regular deposits for paying off the principal on a debt...
Hedge fund
a mutual fund or partnership of investors who pool large sums of money to speculate in securities increasing the risk of such activity by using borrowed money to leverage the investments or by selling short...
dividend
dividend 1 : the part of corporate net earnings distributed usually periodically (as quarterly) to stockholders in the form of cash, additional shares, or property either as a set amount per share or a percentage of par value constructive dividend : a benefit (as unreasonable compensation or use of corporate property) or transfer of funds from a corporation to a shareholder that is interpreted by a taxing authority as a dividend cumulative dividend : a dividend distributed to preferred stockholders that is added to and paid with the next payment or future payments if not paid when due extraordinary dividend : a dividend declared in addition to a regular dividend because of unanticipated profits or a nonrecurring increase of revenue 2 : a share of the surplus earnings of a mutual insurance company paid to policyholders either in the form of cash disbursements or through reduction of premiums 3 : a payment disbursed to investors from the income of a mutual fund ...
Qualified institutional buyer
Qualified institutional buyer, means a financial in-stitution, insurance company, bank, State financial corporation, State industrial development corpora-tion, trustee or any asset management company making investment on behalf of mutual fund or provident fund or gratuity fund or pension fund or a foreign institutional investor registered under the Securities and Exchange Board of India Act, 1992 or regulations made thereunder, or any other body corporate as may be specified by the Board. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, s. 2(1)(u)]...
shareholder
shareholder : one that owns a share in a fund (as a mutual fund) or property ;esp : stockholder see also derivative action, equity, proxy contest share·hold·ing adj or n ...
distribution
distribution 1 : the act or process of distributing: as a : the apportionment by a court of the property and esp. personal property of an intestate among those entitled to it according to statute compare descent, devise NOTE: The laws dealing with intestate succession are often called laws of descent and distribution. b : the payment or transfer to a beneficiary of interest to which he or she is entitled under a trust c : the transfer by a corporation or mutual fund of money or property to a shareholder in his or her capacity as a shareholder d : the initial offering to the public of a security by a corporation e : the delivery of a controlled substance 2 : something distributed dis·tri·bu·tive [di-stri-by-tiv] adj ...
ex-distribution
ex-distribution : without the right to a pending distribution (as of capital gains from a mutual fund) [shares traded ] ...
no-load
no-load : charging no sales commission [a mutual fund] compare load no-load n ...
Eligible transaction
Eligible transaction, means any transaction (A) carried out electronically on screen-based systems through a stock broker or sub-broker or such other intermediary registered under s. 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) in accordance with the provisions of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) or the Securities and Exchange Board of India Act, 1992 or the Depositories Act, 1996 (22 of 1996) and the rules, regulations or bye-laws made or directions issued under those Acts or by banks or mutual funds on a recognised Stock Exchange; and (B) which supported by a time stamped contract note issued by such stock broker or sub-broker or such other intermediary to every client indicating in the contract note the unique client identity number allotted under any Act referred to in sub-clause (A) and Permanent Account number allotted under this Act. [Income Tax Act, 1961 (43 of 1961), s. 43(5) Prov. Expl.]...
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