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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Periodic payment plan  

Definition 1.

Accumulation of capital in a mutual fund by making regular payments on a monthly or quarterly basis.
 

Definition 2.

The process of making regular contributions, usually monthly, to a mutual fund, portfolio, or investment. Such a plan would generally set a specific initial time period when only contributions, and not withdrawals, are allowed.
 
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