phone switching meaning

  "phone switching" in a sentence
[Finance]
Transferring money between funds in the same mutual fund family by telephone request. There may be a charge associated with these transfers. Phone switching is also possible among different fund families if the funds are held in street name by a participating broker/dealer.

Examples

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  1. It is through net-to-phone switching that IDT plans to make money.
  2. LG Information & AMP; Communications started in 1979 as a maker of conventional phone switching systems.
  3. The platform enables brands to offer a unique customer proposition designed to make TV, broadband and home phone switching easier.
  4. He subsequently gained temporary control of three central offices of telephone companies in New York City and all the phone switching centers in California.
  5. _Products and systems : This division generated $ 20 billion in annual sales, including manufacturing equipment such as phone switching systems and consumer products.

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