back-end load definition

back-end load

Fee charged by mutual funds (unit trusts) to shareholders (unit holders) who sell their shares (units) before the prescribed period of unit-holding (usually eight years) is over. This fee declines with every year of shareholding and reaches zero on the last day of the prescribed period. See also front end load.

back-end load is in the Accounting & Auditing, Banking, Commerce & Finance and Investing subjects.

back-end load appears in the definitions of the following terms: front end load, load fund and contingent deferred sales charge (CDSC)

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