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Reclassification
(redirected from reclassify)

    Also found in: Dictionary/thesaurus, Legal, Encyclopedia 0.01 sec.
Reclassification
In mutual funds, the act or process of changing one type of fund into another type. For example, one may reclassify a front-load fund to a back-load fund or vice versa. One of the most common types of reclassification occurs when a load fund, after a certain number of years, becomes a no-load fund. This happens because the load generally only exists for a certain number of years. The IRS does not consider reclassification to be a taxable event, even if it results in more income or capital gains.
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Ms Smith, who has admitted smoking cannabis at university, announced the decision to reclassify the drug in May last year.
No fines yet for Class B cannabis by Birmingham Mail (England)
Home Secretary Jacqui Smith, who has admitted smoking cannabis at university, decided to reclassify the drug because of fears over its impact on the mental health of young people.
Cannabis and the law by Evening Chronicle (Newcastle, England)
The Commons Public Accounts Committee welcomed progress in cutting fraud from pounds 2bn in 2001/2 to pounds 800m in 2006/7, but noted more than half of this - some pounds 700m - was due to a decision to reclassify overpayments of Disability Living Allowance as non-fraudulent.
MPs demand that prosecutions be stepped up by Daily Post (Liverpool, England)
 
 
 
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