penalty plan |
|
Definition
Mutual fund plan under which the participant who withdraws before the maturity date pays a penalty which is highest in the early periods and reduces in graduated amounts as the maturity date nears.
email to a friend
print this definition
cite this definition
link to this page
penalty plan is in the Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/penalty-plan.html