AVERAGING
\ˈavɹɪd͡ʒɪŋ], \ˈavɹɪdʒɪŋ], \ˈa_v__ɹ_ɪ_dʒ_ɪ_ŋ]\
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1. making a portfolio by investing fixed amounts at fixed intervals. This is done in different securities that are bought when they are cheapest and sold when they are expensive. Refer to constant dollar plan. AKA exponential smoothing.
By Henry Campbell Black
Word of the day
international pitch
- the pitch used to tune instruments for concert performances; usually assigns 440 Hz A above middle C