Glossary: Mutual Fund Mutual Fund - Professionally managed pooling of funds for investment. A mutual fund's sales charge is the difference between bid and offer. The sales charge is always expressed as a percent of the offering price. So divide the difference by the offering price. Mutual funds are redeemed at the NAV. Mutual funds must be held 30 days to be used collateral.

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Mutual fund - some related terms: Collateral NAV Sales charge Balanced fund Break point sales Stockbroker Contractual plan Custodian bank Diversified mutual fund Dividend reinvestment Ex dividend Forward pricing Investment company Letter of intent NAV Regulated mutual fund REIT Sales charge Sales within a family Specialized fund