Examlex
______ refers to acting on behalf of others.
Equity Mutual Funds
Investment funds that pool money from various investors to purchase a diversified portfolio of stocks.
Fixed-Income Securities
Investments that provide regular income payments, such as bonds or treasury bills, with predetermined interest rates.
Money Market Securities
These are short-term debt instruments, typically with maturities of less than one year, used by governments, financial institutions, and corporations to finance their short-term cash needs.
Net Asset Value
The value of an entity's assets minus the value of its liabilities, often used in the context of mutual and exchange-traded funds.
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