Definitions for "Automatic reinvestment plan"
An arrangement in which mutual fund dividends or capital gains are used to purchase additional fund shares, rather than being distributed. see also automatic investment plan.
A plan offered by a mutual fund in which the fund automatically reinvests all distributions to a shareholder account.
An investment option for mutual fund unitholders in which the proceeds from either the fund's dividends or capital gains, or both, are automatically used to buy more units of the funds.