Business / Finance / Redemption Charge: The commission a mutual fund charges an investor who is redeeming shares. For example, a 2% redemption charge (also called a back end load) on the sale of shares valued at $1000 will result in payment of $980 (or 98% of the value) to the investor. This charge may decline or be eliminated as shares are held for longer time periods.
Charge Noun Synonyms: load, burden, weight, onus, impediment, care, concern, obligation
Charge Verb Synonyms: fill, imbue, load, instil, pervade, permeate, saturate, suffuse
Science / Geology / Recharge: Water added to an aquifer or other water body. An aquifer is recharged by precipitation in an area where the aquifer has a porous connection to the surface. MORE
Business / Finance / Preferred Equity Redemption Stock (PERC): Preferred stock that converts automatically into equity at a stated date. A limit is placed on the value of the shares the investor receives. MORE