Business / Taxes / Back-End Load: Some mutual funds impose a back-end load, or a contingent deferred sales charge, if you sell shares in the fund during the first six or seven years after you purchase them. The charge is a percentage of the value of the assets you’re selling. The percentage typically declines each year the charge applies and then is dropped. However, the annual asset-based management fee is higher on back-end load funds, also known as Class B shares, than on front-end load funds, where you pay the sales charge at the time you purchase.
Load Noun Synonyms: pack, pile, stack, heap, fill, lade, stuff, cram, jam, squeeze
Load Verb Synonyms: weight, burden, onus, pressure, encumbrance, millstone, cross, albatross, responsibility, care, anxiety, worry, trouble
Business / Finance / Level Load: A mutual fund that charges a permanent sales charge, usually at some fixed percentage. See: Front-end loads and back-end loads. MORE
Business / Taxes / Contingent Deferred Sales Load: A contingent deferred sales load, also called a back-end load, is a sales charge some mutual funds impose when you sell shares in the fund within a certain period of time after you buy them. These sha MORE