telephone switching
Also found in: Dictionary, Thesaurus.
Telephone switching
Moving one's assets from one mutual fund or variable annuity to another by telephone.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.