checkwriting privilege

checkwriting privilege

The privilege of writing checks against shares held in a mutual fund. This option, which provides greater liquidity for the investor, is generally offered free of charge. The dollar amount of each check is usually subject to a minimum value—often $250 or $500—depending on the policy of the fund.
References in periodicals archive ?
The Portfolio also offers free, unlimited checkwriting privileges (minimum check amount: $250).
The fund also offers free, unlimited checkwriting privileges (minimum check amount: $250).
A Visa Gold Debit Card and checkwriting privileges will also be available to investors in the program to help them more effectively manage their more liquid investments.