The price at which a mutual fund's shares can be purchased. The asked or offering price is based on the current net asset value (NAV) per share plus any sales charge.
Anything of value owned or is owed to it by a business, institution, or individual. Assets may include cash, investments, accounts receivable, product inventory and other current assets. Patents and goodwill are called intangible assets.
System by which securities are traded through brokers or agents on an exchange such as the Bulagrian Stock Exchange - Sofia AD. Unlike conventional auctions with one auctioneer and many buyers, here there are many buyers and sellers. Brokers competitively bid for the most advantageous price. It is distinguished from the over-the-counter market, where trades are bought by dealers.
A mutual fund that maintains a balanced portfolio of bonds, preferred stocks and common stocks or money-market instruments