Money 101: Glossary of Terms, Career & Money,

The divine.ca Money 101: Glossary of Terms is the ultimate online resource for finance- and investment-related terms. Browse through the complete list of terms, sort them by letter, or use the search field to find the exact money term you’re looking for.

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Back-end load fund

A mutual fund in which a fee (sales charge or load) is applied at the time when the investor sells the mutual fund shares within a specified number of years, usually ranging between five to ten years.

Balanced fund

A fund that invests in a mixture of stocks, bonds and money market securities. Also known as a diversified fund.

Bear market

A pessimistic market condition, in which the prices of securities are falling or are expected to fall.

Beneficiary

Refers to the person who benefits from the terms of a trust, a will, an RRSP, an annuity or a life insurance policy.

Bond fund

A fund which invests in bonds issued by companies and governments. Also known as a fixed income fund.

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