Close-end funds
mutual fund with a fixed number of shares that are issued by an investment company when the fund is first organized.
Open-end funds
mutual fund with an unlimited number of shares that are issued and redeemed y an investment company and the investors request.
net asset value
the amount that one share of a mutual fund is worth
load fund
mutual fund for witch you pay a commission every time you buy or sell shares
no load fund
mutual fund that has no commission fee