switch

switch definition - business

switch

  1. See swap2.
  2. To move funds out of one mutual fund and into another mutual fund. Also called convert. See also telephone switching.

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.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.