AUTHORIZED STOCK Definition

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AUTHORIZED STOCK see AUTHORIZED CAPITAL STOCK.

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MER (Management Expense Ratio) is the percentage of the assets that were spent to run a mutual fund. It includes things like management and advisory fees, travel costs and 12b-1 fees. The expense ratio does not include brokerage costs for trading the portfolio. Also referred to as the Expense Ratio.

INHERITANCE TAX is a tax charged on the passing of wealth from one person to another, either during life or at death.

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