A feature offered by some mutual fund families in which an investor is able to switch from one mutual fund to another within the fund family without having to pay a sales charge. The IRS treats the exchange as a sale and purchase for tax purposes.
Related information about exchange privilege:
- Exchange Privilege Definition | Investopedia
The opportunity given to mutual fund shareholders to exchange their investment in a fund for another within the same fund family at no additional cost.
- What is exchange privilege? definition and meaning
Definition of exchange privilege: A feature offered by some mutual fund families in which an investor is able to switch from one mutual fund to another within the ...
- Exchange Privilege - Financial Dictionary - The Free Dictionary
A mutual fund shareholder's right to switch from one fund to another within one fund family, usually at no additional charge.
- Exchange Privileges - Financial Dictionary - The Free Dictionary
However, because the same company manages the whole group, individual investors may generally exercise the exchange privilege to move money from one ...
- What Is an Exchange Privilege?
An exchange privilege is the option to switch money between one or more different mutual funds with an investing agency. The purpose of the privilege is to ...
- Optimum Advantage - Exchange Privilege
Your satisfaction is important to us. If for any reason you're not completely satisfied with your Optimum Certified Used Vehicle, you may exchange it within the ...
- Information on a Change to the Exchange Policy for Oppenheimer ...
exchange privilege unless applicable law allows otherwise. The OppenheimerFunds exchange privilege affords investors the ability to switch their investments ...
- exchange privilege
Translation for 'exchange privilege' in the free Chinese dictionary. More Chinese translations for: exchange.