Instead of paying the ask price, it is the fund manager that does it.
Ask Price (Mutual Funds)
You may be interested in
-
Abandon
To abandon is to surrender a claim to, or interest in, a particular asset. It's also used to describe an instance in finance when one party waives its rights to recover the debt owed so that trading can continue, with previously invested funds not affected.
Full definition 🠆 -
Above Par
Above Par is the price of a bond above face value.
Full definition 🠆 -
Accounts Payable
Accounts Payable represents a company's obligation to pay off a short-term debt.
Full definition 🠆