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Voluntary accumulation plan
The financial definition for Voluntary accumulation plan:
Arrangement allowing shareholders of a mutual fund to purchase shares over a period of time on a regular basis, and in so doing take advantage of dollar cost averaging.
Similar MatchesAccumulationAccumulation In the context of corporate finance, refers to profits that are added to the capital base of the company rather than paid out as dividends. See: Accumulated profits tax.
In the context of investments, refers to the purchase by an institutional broker of a large number of shares over a period of time in order to avoid pushing the price of that share up.
In the context of mutual funds, refers to the regular investing of a fixed amount while reinvesting dividends and capital gains.
Accumulation areaAccumulation area A price range within which a buyer accumulates shares of a stock. See: On-balance volume and distribution area.
Excess accumulationExcess accumulation The amount of a required minimum distribution that an IRA holder fails to remove
from an IRA in a timely manner. Excess accumulations are subject to a 50% IRS penalty
tax.
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