Gloss: An investment arrangement in which money is invested in safer securities and investments as a person grows older.
Part of speech: n.
Quotation: The funds, also known as lifecycle funds, are designed to minimize risk by shifting the funds’ assets from equities to bonds as investors grow older.
Author:
Ylan Q. Mui
Date of publication:
Feb. 21, 2009
This catchword has yet to be researched.