plan company

plan company definition - business

plan company

A company that receives customer payments and purchases mutual fund shares when the customers wish to purchase shares in a fund on a periodic payment plan. Thus, the plan company acts as middleman in collecting the payments and crediting customer accounts.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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