Load

Business / Taxes / Load: If you buy a mutual fund through a broker or other financial professional, you pay a sales charge or commission, also called a load. If the charge is levied when you purchase the shares, it's called a front-end load. If you pay when you sell shares, it's called a back-end load or contingent deferred sales charge. And with a level load, you pay a percentage of your investment amount each year you own the fund.

Other Words for Load

Load Verb Synonyms: weight, burden, onus, pressure, encumbrance, millstone, cross, albatross, responsibility, care, anxiety, worry, trouble
Load Noun Synonyms: pack, pile, stack, heap, fill, lade, stuff, cram, jam, squeeze
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Level Load

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

Load Fund

Business / Finance / Load Fund: A mutual fund that sells shares with a sales charge-typically 4% to 8% of the net amount indicated. Some no-load funds also levy distribution fees permitted by Article 12b-1 of the Investment Company MORE

No-Load Mutual Fund

Business / Finance / No-Load Mutual Fund: An open-end investment company whose shares are sold without a sales charge. There can be other distribution charges, however, such as Article 12B-1 fees. A true no-load fund has neither a sales charg MORE

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