exchange privilege

(redirected from Exchange Privileges)

Exchange privilege

A mutual fund shareholder's right to switch from one fund to another within one fund family, usually at no additional charge.

Exchange Privilege

The right of a shareholder in a mutual fund to sell his/her shares and buy shares in another mutual fund within the same fund family, generally with no additional load (or sales fee). Different mutual funds within a fund family have different investment goals and/or strategies. However, because the same company manages the whole group, individual investors may generally exercise the exchange privilege to move money from one fund to another without extra commissions or fees, or with only a nominal charge. The exchange privilege allows investors to be flexible in their own investment goals according to their particular needs at a given time.

exchange privilege

The right to exchange shares in one mutual fund for shares in another fund managed by the same firm. The rate at which shares are exchanged is determined by differences in relative values. There is usually a nominal charge for each transfer. This privilege is designed to allow investors to move their money among funds without incurring additional sales fees as their investment goals change. Also called conversion privilege.
References in periodicals archive ?
Extend military commissary and exchange privileges to service-connected disabled veterans and their dependents.
Contract award: Tender for services vocational training for persons registered in the PUP in Czestochowa: 1 SEP power exchange privileges up to 1 kV, together with the privileges of guard tour; 2 course warehouseman with support truck + 4-week practice for an employer in the dimension 25 hours per week; 3 course make-up and styling with the basics of entrepreneurship; 4 course hotel employee / receptionist module in English (basic or intermediate level - your choice) + 4-week practice for an employer in the dimension of 25 hours per week.
However, Soldiers involuntarily separated between 1 October 2007 and 31 December 2012 are entitled to commissary and exchange privileges for up to two years from the date of discharge.
On top of the reduced rates and bonus savings, hotels will offer extra values like resort credits, resort exchange privileges, kids stay free offers, golf discounts and more.
99 per person, based on double occupancy, and includes roundtrip, non-stop Apple-exclusive vacation flight from Chicago O'Hare to Puerto Vallarta, Mexico; all-inclusive accommodations at the resort; roundtrip airport/hotel transfers; Bears fans private welcome party and autograph session; special group activities and surprises with the Bears hosts; all meals, snacks and unlimited domestic and select imported drinks including in-room mini bar and liquor dispenser; free Wi-Fi in the lobby area; exchange privileges with neighboring Riu Vallarta and Riu Jalisco; and daily entertainment and non-motorized water sports.
Partners at different age and experience levels exchange privileges and responsibilities as they reconfigure their roles for the firm's imminent transition to the next group of leaders.
This resulted in my entitlement to commissary and exchange privileges at military facilities.
Volunteer libraries also do not have exchange privileges with other libraries.
Patrons get savings on ticket prices, priority seating and ticket exchange privileges by purchasing any of seven series: Comedy, Children and Family, Harvest Moon Festival, Musical Drama, Musical Celebrations, Shakespeare Festival and Travelogue.
If you also obtain wire-transfer, check-writing and exchange privileges for all funds in which you invest, you will have almost instant access to your cash value.
In addition to flexible access to the residence throughout the year and membership to our Club, owners may exchange privileges to an elite group of Residence Clubs in the U.
Commissary and exchange privileges are one of the "perks" of retirement.