What is CHECKWRITING PRIVILEGE?

Certified right to write checks against the amount held in a mutual fund. It is a service offered to account-holders. A minimum value for a written checks against an account is typically required by the mutual fund company.

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Related Legal Terms
OVERSUBSCRIPTION PRIVILEGE, PARLIAMENTARY PRIVILEGE, EXECUTIVE PRIVILEGE, PRIVILEGE, MINIMUM PURCHASES, ATTORNEYCLIENT PRIVILEGE, JUDICIAL PRIVILEGE, PREPAYMENT PRIVILEGE, QUALIFIED PRIVILEGE, PRIVILEGE FROM ARREST


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