Broker Financial Glossary
What is it? Short for stockbroker, but can refer to any intermediary selling financial products.Finance Term Definition Added By: Abigail
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Financial Term Family of Funds is Group of mutual funds managed by the same investment management company. Each fund typically has a different objective; one may be a growth-oriented stock fund, whereas another may be a bond fund or an index fund. Shareholders in one of the funds can usually switch their money into any of the familys other funds, sometimes at no charge.Financial Term Proxy is Authorisation of a person or legal entity to represent or if necessary act and vote on behalf of another.
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