Exchange Privilege

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Definition: Exchange Privilege

Exchange Privilege
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Sources

Full Definition of Exchange Privilege

A feature offered by some mutual fund families in which an investor is able to switch from one mutual fund to another within the fund family without having to pay a sales charge. The IRS treats the exchange as a sale and purchase for tax purposes.

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Page URL
https://payrollheaven.com/define/exchange-privilege/
Modern Language Association (MLA):
Exchange Privilege. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 16, 2024 https://payrollheaven.com/define/exchange-privilege/.
Chicago Manual of Style (CMS):
Exchange Privilege. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/exchange-privilege/ (accessed: April 16, 2024).
American Psychological Association (APA):
Exchange Privilege. PayrollHeaven.com. Retrieved April 16, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/exchange-privilege/

Definition Sources

Definitions for Exchange Privilege are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.