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Finance Dictionary and Glossary of Investment Terms
systematic investment plan
Definition 1.
A program that allows an individual to have a set amount electronically transferred from one account to another at a specified frequency. Examples include stock and mutual fund reinvestment programs, defined contribution plans, mutual fund contribution programs, and automatic withdrawal plans. also called automatic investment plan.
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Definition 2.
An approach involving regular investments in order to take advantage of dollar-cost averaging.
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