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DEFINITIONS - It is common to be unsure or confused about the terms used in the financial industry. We have included several definitions we hope clarify your understanding before you invest. Click on a letter below which is the same as the first letter of the term you wish to define:
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  B  
     
  Balanced Fund – a mutual fund that seeks to provide current income and long-term growth from a combination of stocks and bonds  
     
  Beneficiary – person designated by a participant, or one who by the terms of the plan, is or may be eligible for benefits under the plan if the participant dies

 
     
  Bond - a certificate of debt issued by a government or corporation guaranteeing payment of the original investment plus interest by a specified future date

 
     
  BSE Sensex - Bombay Stock Exchange Sensitive Index - the primary stock exchange index in India

 
     
     
     
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