PTE

Portuguese Escudo (no longer in use) from Portugal. Replaced by the euro (EUR).

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Chapter 11
In the US a company can file for protection under Chapter 11 of the country's bankruptcy laws. The company continues to operate under existing management while working with its creditors to reorganise the business. There are different Chapters, with different consequences and implications.

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Back-end loan fund

A mutual fund that charges investors a fee to sell (redeem) shares, often ranging from 4% to 6%. Some back-end load funds impose a full commission if the shares are redeemed within a designated time, such as one year. The commission decreases the longer the investor holds the shares. The formal name for the back-end load is the contingent deferred sales charge (CDSC).


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