Penalty Plan

0.01 sec.

Penalty Plan

In a mutual fund, a plan in which all sales fees are paid in the first few years of ownership in the fund. This means that if the shareholder redeems his/her shares in the first few years of ownership, sales fees are deducted, and the shareholder only receives a small portion of his/her original investment. These deductions gradually lessen with time and eventually go to zero in order to encourage long-term investment in the fund. The rules governing penalty plans were established in the Investment Company Amendments Act of 1970.

penalty plan

A mutual fund accumulation plan in which sales fees for the entire obligation are deducted from shares purchased in the first few years that the plan is in effect. In the event that the investors redeem the shares after a short time, only a small portion of the purchase price will be refunded. Sales charges and penalty plans are regulated by the Investment Company Amendments Act of 1970.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
No references found			Meanwhile, Irish drivers caught speeding in Britain or in the North will get points under a new cross-border penalty plan. THE GREAT ESCAPE; 2,000 speeding prosecutions dropped because of ... by The Mirror (London, England) Byline: By Amanda Crook pounds 100 penalty plan in schools crackdown Education min-ister David Mili-band today warns North East parents to make sure their children attend school or face tough new consequences. Parents face big fines for truancy by Evening Chronicle (Newcastle, England) But FIFA hope their latest penalty plan will be fairer. SPOT THE DIFFERENCE IN WORLD CUP SHOOT-OUTS by Cross, John / The Mirror (London, England)			PC PCAOB PCBs PCE PCX PE Peace Dividend Peak Pecking-Order View Pecuniary Bequest Peer-to-Peer PEFCO Peg PEG Ratio Pegged Exchange Rate Pegging PEH PEN Penalidad por salida anticipada Penalties penalty Penalty Bid Penalty Clause Penalty Fee Penalty for Underpayment of Estimated Tax Penalty Plan Penalty Tax Pence pencil out Penetration pennant Penni Penny Penny Stock Penny Stock Reform Act Pennying Pension Pension Benefit Guaranty Corporation Pension Cost Pension Fund Pension Liabilities Pension Maximization Pension Parachute Pension Plan Pension Protection Act of 2006 Pension Reversion Pension Rollover Pension Shortfall Pension Sponsor Pension Sponsors Pension/Annuity Starting Date			penalty free throw Penalty function Penalty Function Method penalty goal penalty imposed on an offender Penalty Infraction Minutes penalty kick penalty kick Penalty Kick (football) Penalty kick (soccer) Penalty Kick Goals Allowed Penalty Kick Goals Scored Penalty kicks Penalty Kicks Faced Penalty Kicks Missed Penalty Kicks Saved penalty killer penalty killers penalty killing penalty killing Penalty Mail System Penalty method Penalty minutes Penalty of death Penalty of death Penalty of death Penalty of death Penalty of Early Withdrawal of Savings Penalty Overtime Penalty Plan Penalty Plans penalty point penalty points penalty rate penalty rates Penalty shoot-out Penalty shoot-out Penalty shoot-out penalty shoot-outs Penalty shootout Penalty shootout penalty shot penalty shot Penalty Shots on Goal Penalty spot Penalty Stroke Penalty tax Penalty Taxes penalty-and-bonus clause Penalun Penam Penam Penambangan Emas tanpa Izin Penamox Penamox Penampang Chinese Chamber of Commerce and Industry Penanaman Modal Asing Penanaman Modal Dalam Negeri penance penance

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.