Breakpoint [Mutual Funds] Law and Legal Definition
Breakpoint is the dollar amount at which the sales charge on a mutual fund declines to a lower percentage. At breakpoint, an investor becomes eligible for a discounted sales fee. This level may be achieved through a lump sum purchase or a series of smaller purchases.
Legal Definition list
Related Legal Terms
- Additional Funds Needed [AFN]
- Administrative Subdivision of Funds
- Administrative Takedown Funds [Transportation]
- Antitrust Mutual Assistance Agreement
- Border Activity Funds [Transportation]
- Broadly Diversified International Equity Funds
- Collective Investment Funds (CIFs)
- Combined Stock and Mutual Life Insurer
- Contractual Commitment to Advance Funds
- Cost of Funds Index (COFI)
