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Telephone Switching
(redirected from telephone exchange)

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Telephone switching
Moving one's assets from one mutual fund or variable annuity to another by telephone.

Telephone Switching
An order given over a telephone, especially to transfer assets from one mutual fund or annuity to another. A client has the right to call his/her investment adviser and direct that money be invested only in certain ways. See also: Telephone booth.

telephone switching
The movement of an investor's funds from one mutual fund to another mutual fund on the basis of an order given via telephone.


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With reliability comes cost - maintaining old style land lines, and then inter office telephone exchange systems represents a significant amount of hardware infrastructure and expense, and as anyone who''s had to upgrade a legacy phone exchange can tell you, sometimes, those old standards are difficult or even impossible to maintain.
WANA, September 03, 2009 (Balochistan Times): The Taliban militants have taken control of telephone exchange in South Waziristan, suspending the agency communication with whole world including Pakistan.
WANA, September 03, 2009 (Frontier Star): The Taliban militants have taken control of telephone exchange in South Waziristan, suspending the agency communication with whole world including Pakistan.
 
 
 
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