EQUITY FUND Definition

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EQUITY FUND is a mutual fund whose portfolio consists primarily of common stocks.

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STOCK ROTATION RIGHTS is a contractual stipulation that allows for a distributor to return up to a stipulated percentage of purchased goods to the supplier over a stipulated period of time. These rights are intended to ensure that a distributor is not overburdened with excessive or obsolete inventory from the supplier that granted the stock rotation rights.

OPERATING MARGIN is the ratio of operating income to sales revenue.

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