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Term of the Day for Friday, October 8, 2010
purchasing power
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Term of the Day purchasing power
1. The value of money, as measured by the quantity and quality of products and services it can buy. also called buying power.
2. The dollar value of additional marginable securities that a customer may purchase against the existing marginable securities in an account.
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Before buying a mutual fund, ask about recent changes in the fund's operations. Has the fund's investment adviser or investment strategy changed recently? Has the fund merged with another fund?
Keep reading this tip...
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| Quote of the Day
The only thing men learn from history is that men learn nothing from history. - Hegel
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