INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 55

Short Answer

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
Legal title to the property in a trust is held by the [ grantor | trustee ].

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Definitions:

Gross Return

The total return on an investment before any deductions, such as fees, costs, or taxes, are made.

Expense Ratio

A measure of the cost of operating a mutual fund, calculated as a percentage of the fund's total assets.

Rate of Return

A measure of the gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.

Front-end Load

A sales charge or commission paid when an individual buys an investment, such as a mutual fund.