Business / Taxes / Level Load: Some load mutual funds impose a recurring sales charge, called a level load, each year you own the fund rather than a sales charge to buy or sell shares. The level-load rate is generally lower than the sales charge for front- or back-end loads. But the annual asset-based management fee on these funds is higher than for front-load funds. This means the total amount you pay over time with a level load can be substantially more than a one-time sales charge, especially if you own the fund for a number of years. If a fund company offers you a choice of the way you prefer to pay the load, level-load funds are generally identified as Class C shares. Front-end loads are Class A shares and back-end loads are Class B shares.
Level Adjective Synonyms: even, smooth, plane, uniform, plain, flat, flush, straight, true
Level Verb Synonyms: aim, point, draw a bead, direct, train, focus
Level Noun Synonyms: horizontal, prone, supine
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 / Front-End Load: Entering into options or futures contracts with advance knowledge of a block transaction that will influence the price of the underlying security to capitalize on the trade. This practice is expressly MORE
Business / Finance / Load: The sales fee charged to an investor when shares are purchased in a load fund or annuity. See: Bank-end load; front-end load; level load. MORE