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Term of the Day
purchase fee
purchase and sale agreement
purchase fund
Definition
A
fee
charged
by some
mutual funds
at the time the
shares
are purchased. Unlike the Front-end
Fund
charged by some mutual
funds
, the
purchase
fee is used to
cover
operating costs
and is not
paid
to the
broker
.
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Popular 'Mutual Funds' Terms
hedge fund
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