What is the meaning of Exchange privilege?

Exchange privilege is a mutual fund shareholder's right to switch from one fund to another within one fund family, usually at no additional charge.

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APABarry Goldsmith. (2010). exchange privilege. Retrieved September 21, 2026, from http://smartdefine.org/exchange_privilege/definitions/1153345
ChicagoBarry Goldsmith. 2010. "exchange privilege" http://smartdefine.org/exchange_privilege/definitions/1153345 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, exchange privilege, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/exchange_privilege/definitions/1153345>.
MLABarry Goldsmith. "exchange privilege" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/exchange_privilege/definitions/1153345>