Voluntary accumulation plan

Definition:

Arrangement allowing shareholders of a mutual fund to purchase shares over a period of time on a regular basis, and in so doing take advantage of dollar cost averaging.

Investing Essentials


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

Term of the Day

Across the board

Movement or trend in the stock market that causes all stocks in all sectors to move in the same direction.

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