telephone switching

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.