Dealer Bank
Department of commercial bank that engages in
the underwriting, trading and sale of municipal (or other) securities.
Remarks: Bond funds including mutual funds (open-end and closed-end,
actively managed and indexed), exchange-traded funds and unit investment
trusts offer a convenient and affordable way to invest in a diversified
portfolio of bonds, but a bond fund investment can differ from a bond
investment in ways that are important to understand. |
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