Definition
Mutual fund (unit trust) that charges a sales commission (load) to cover its administrative and advisory charges. If the sales commission is payable at the time of purchase of shares (units), it is a front-end load, if it is payable at the time of redemption or sale of shares, it is a back-end load. A no-load fund neither charges any such fee nor provides any financial or investment advice.
Related Videos
http://www.businessdictionary.com/definition/load-fund.html
