Home > Term: subsequent minimum investment
subsequent minimum investment
The least amount of money that a person may use to purchase additional shares in a previously existing mutual fund account. Typically, minimum investment limitations do not apply to fund shares purchased pursuant to dividend reinvestment plans or other programs by which fund distributions are automatically invested in additional fund shares.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
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- MJ63
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