The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

MINIMUM PURCHASES Definition & Legal Meaning

Definition & Citations:

To invest in a mutual fund the financial institution requires this specific type of lowest monetary amount. To open a new account, this is called the minimum initial purchase. To deposit into an account already in existence, this is called the minimum additional purchase. The financial institution that operates the mutual fund sets these varied amounts. Also known as minimum initial purchase and minimum additional purchase.


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