Usually means: Annual fee to manage fund.
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We found 15 dictionaries that define the word Expense ratio:

General (4 matching dictionaries)
  1. expense ratio: Dictionary.com
  2. Expense Ratio, Expense ratio: Wikipedia, the Free Encyclopedia
  3. expense ratio, Expense ratio: Longman Dictionary of Contemporary English

Business (11 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. INVESTORWORDS (No longer online)
  3. Expense ratio: Bloomberg Financial Glossary
  4. Expense Ratio: Harvey Financial
  5. Expense ratio: Moneyterms
  6. Expense Ratio: Investopedia
  7. Expense ratio: Securities Terminology
  8. expense ratio: Financial dictionary
  9. BusinessDictionary.com (No longer online)
  10. Expense Ratio: WashingtonPost.com: Business
  11. Yahoo Tax Center Glossary (No longer online)

Definitions from Wikipedia (Expense ratio)

noun:  The expense ratio of a stock or asset fund is the total percentage of fund assets used for administrative, management, advertising (12b-1), and all other expenses.

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