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mawhinney wrote:
Please explain what TER stands for?

TER means Total Expense Ratio. This terminology is used for mutual funds. A mutual fund is a basket of stocks, bonds, short term commercial paper or other investment stuff.

The money manager of a mutual fund trades the stuff in the basket. The more he trades, the higher the TER. The TER consists of commissions, spreads, and your fees to the mutual fund. The lower the TER the better.

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