Series 24: Mutual Fund

Taken from our Series 24 - FINRA General Principal Qualification Examination

Definition of the term Mutual Fund...

a management company whose shares are not traded on the secondary market but are bought and sold directly from the fund and whose size varies with every purchase or sale.

Since you're reading about Series 24: Mutual Fund, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 24
Please Enable Javascript
to view this content!