FT MarketWatch

Exchange privilege

A feature offered by some mutual Fund families in which an investor is able to switch from one mutual Fund to another within the Fund family without having to pay a sales Charge. The IRS treats the Exchange as a sale and Purchase for Tax purposes.

Related Terms: 10 Charge, Exchange, Fund, Fund family, Mutual fund, Offer, Purchase, Sales, Sales charge, Tax
Other Related Pages: Category: Taxes Starting With: E
Semi Related Terms: 587 CLICK HERE TO VIEW
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