Glossary

1 5 A B C D E F G H I L M N P Q R S T U W Y
1 5 A B C D E F G H I L M N P Q R S T U W Y

B

  • Balanced Fund

    A balanced fund is a mutual fund that seeks both growth and income, often through a mix of stocks and bonds.

  • Beneficiary

    A beneficiary is the recipient of the benefits from an investment. Each 529 plan account has a beneficiary. See also: Family Member.

  • Bond

    A bond is a loan to a corporation or government entity that pays interest until a maturity date. The maturity date is the date the issuer must repay the face amount (principal) of the bond.

  • Bond Fund

    A bond fund is a mutual fund that invests in different types of bonds. Bond funds may also be called fixed-income funds.

  • Broker-Sold

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