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Mutual fund exchange
To convert the value of shares held in one fund to purchase shares of the same class of another fund in the same fund family. See the prospectus of the fund for conditions and any cost related to an exchange.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
- Product:
- Acronym-Abbreviation:
Other Languages:
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