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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Advisor

Definition:

The money-whisperer.

Yeah, this is the person who actually manages the money. If you buy a mutual fund, for example, there's a distribution company that brings in customers like you and brings in the dough for investing. That company hires the advisors, who sit around in suits and decide what investments go where. The money you pay in fees for your mutual fund is used to pay for these advisors.