contingent deferred sales charge

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Contingent deferred sales charge (CDSC)

The formal name for the load of a back-end load fund.

Contingent Deferred Sales Charge

The formal name for the load in a back-end load fund. A CDSC is the fee paid when a shareholder sells shares in a mutual fund within a certain number of years. That is, when an investor initially buys a share in a back-end load fund, he/she agrees to pay a third party, usually a financial institution or broker, a certain percentage of the share's value if he/she decides to sell it within five to 10 years, depending on the specific nature of the agreement. The CDSC usually declines by the year until the maximum number of years is reached. See also: B-share.

contingent deferred sales charge

A mutual fund redemption fee that is reduced or eliminated for specified holding periods. For example, a fund might charge a 6% redemption fee for a holding period of less than one year, a 5% fee for a holding period of one to two years, and so forth. Mutual funds with a contingent deferred sales charge also generally levy an annual 12b-1 fee.
References in periodicals archive ?
Yet, Diageo are taking in malt from Britain in bulk trailers which are being used to back load peat to East Anglia, a practice that would not be tolerated in Ireland.
They turned around an evolution, that may have taken several days to offload and back load equipment from both civilian merchant ships and military ships, to just under 24 hours with no incident.
However, if the back load is imposed on the initial investment - as often it is - the future value of a back-load fund is greater than the future value of a front-load fund.
Sapient Global Markets can also provide the resources to help back load loan-level data for existing RMBS, which is critical if they are to continue to be used as collateral after the deadline.
Every ship whether it was an offload or a back load presented her own challenges: broken cranes, hot racking, no food, no coffee, ships where the engines were deafening, sometimes it rained, and sometimes it was so hot you could only work 20 minutes on and 60 minutes off.
Both wells are currently flowing back load water while the remaining well (#E11) is scheduled to be stimulated within the next 7 days.
Shortes 6 #1 - Borden County, has been fracture stimulated and currently is flowing back load water.
The cyclic performance of the chairs was determined by means of two tests described in the performance test method for library chairs developed and promulgated by the American Library Association (Eckelman 1995, 1999): the cyclic front to back load test on seats and the side thrust load test on seats.
The back load space is good with a practical flat floor with few intrusions, making it easy to pack in large items.
says "Devon will now have the ability to back load historical data and gather enterprise wide data with zero geographic constraints relating to facility number or location.
In the case of front to back load tests, acceptance levels of 250, 350, and 450 pounds are defined for categories of light, medium, and heavy duty.