A program that allows an individual to have a set amount electronically transferred from one account to another at a specified frequency. Examples include stock and mutual fund reinvestment programs, defined contribution plans, mutual fund contribution programs, and automatic withdrawal plans. also called systematic investment plan.
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An investment program that allows investors to contribute small amounts of money, such as $20 a month in regular intervals. Funds are automatically deducted ...
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Definition of automatic investment plan: A program that allows an individual to have a set amount electronically transferred from one account to another at a ...
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