Breakpoint Sale

Definition:

For mutual funds, this refers to the practice of soliciting mutual fund purchases just below the breakpoint (to earn more commissions). The practice is considered unethical and in violation of NASD rules.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Public limited partnership

A limited partnership with an unlimited number of partners that is registered with the SEC and is available for public trading by broker/dealers.

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