B-Share
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A class in a family of multi-class mutual funds. This class is characterized by a rear-end load structure that is paid only when selling the fund.
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Source:
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403bCompare.com
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Back-end Load (Deferred Sales Charge)
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A sales charge investors pay when they redeem (or sell) mutual fund shares, generally used by the fund to compensate brokers.
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Source:
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United States Securities and Exchange Commission
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Bailout Provision
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Some fixed annuities include a bailout provision which waives the surrender charge if the contract's declared renewal interest rate falls below a point called the bailout rate.
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Source:
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Ohio Department of Insurance
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Basis Point
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One basis point equals 1/1OOth of one percent, or 0.01. For example, 50 basis points are equal to 1/2 percent. Basis points are frequently used to describe spreads or changes in yields of interest rates.
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Source:
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403bCompare.com
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Blend (Growth & Income)
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These mutual funds invest in securities that provide a combination of growth and income. They generally funnel most of their assets into common stocks of well-established companies that pay regular dividends. They may also invest in high-rated bonds.
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Source:
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National Association of Securities Dealers, Inc.
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Bond Funds (Fixed Income Funds)
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A mutual fund that buys interest-bearing debt securities. Bond funds typically specify whether their holdings are corporate, U.S. Treasury, municipal, or government-sponsored enterprise bonds.
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Source:
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National Association of Securities Dealers, Inc.
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Bonus Credit
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Some insurance companies are now offering variable annuity contracts with "bonus credit" features. These contracts promise to add a bonus to your contract value based on a specified percentage of purchase payments.
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Source:
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United States Securities and Exchange Commission
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Breakpoint
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A mutual fund may offer you discounts, called breakpoints, on the front-end sales charge if you: want to make a large purchase; already hold other mutual funds offered by the same fund family; or commit to regularly purchasing the mutual fund's shares.
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Source:
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National Association of Securities Dealers, Inc.
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Brokerage Window
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Funds offered by a brokerage firm selected by your plan administrator. This is often referred to as a brokerage window, or a self-directed account.
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Source:
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National Association of Securities Dealers, Inc.
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