Glossary R

Glossary

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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Remainderman
In the case of a trust, this term refers to the individual who will receive the principal of a trust when final distribution takes place.

RESPA (Real Estate Settlement Procedures Act)
RESPA is a federal law that requires lenders to provide home mortgage borrowers with information about known or estimated settlement costs.

Return
Profit earned by a capital investment or other type of security.

Revocable Trust
A type of trust that can be terminated by the settler (the opposite of an irrevocable trust).

Risk
The chance that an investment could lose or fail to maintain value.

R-squared
Measures the percentage of a fund's movement that is explained by movements in the market index.

Not FDIC insured | May lose value | No bank guarantee

An investment in Northern Funds is not insured by the FDIC, and is not a deposit or obligation of, or guaranteed by The Northern Trust Company or any affiliate. An investment in Northern Funds involves risks, including possible loss of principal.

Shares of the Northern Funds are offered only by a current Prospectus and are intended solely for persons to whom shares of US registered funds may be sold. This site shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of shares of the Northern Funds in any jurisdiction in which such offer, solicitation or sale would be unlawful.