contingent deferred sales charge

(redirected from Back-Ends)

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 classic literature ?
Utterson beheld a marvelous number of degrees and hues of twilight; for here it would be dark like the back-end of evening; and there would be a glow of a rich, lurid brown, like the light of some strange conflagration; and here, for a moment, the fog would be quite broken up, and a haggard shaft of daylight would glance in between the swirling wreaths.
A common problem in switched back-ends comes from collisions when switches are serially connected (Figure 1).
Over the past year, major storage system providers have steadily been migrating their systems to "switched back-end architectures" to improve system RAS (Reliability, Availability and Serviceability) characteristics and lower overall storage ownership costs.
For many merchants, this new offering will mean they can replace multiple terminals they rent that have different transaction processing back-ends with one terminal run through Maximum's back-end.
and loyalty program applications all on one terminal running through its own back-end system.
This is Part 3 and the conclusion of the storage roundtable at which editor-in-chief Mark Ferelli joined a panel of experts to discuss some of the underlying factors driving the storage industry's move toward switched storage back-ends.
James Myers: One of the challenges we have as vendors, and probably one of the reasons this switched back-end has been adopted more quickly in the higher-end storage subsystems, is because some of those switched components are a bit costly, quite honestly.
While the initial deployment solves the immediate bottlenecks and dramatically improves responsiveness and stability, the initial two-server cluster is designed to be open-ended so that additional servers can be added to the cluster as either web front-ends or database back-ends depending on where the increasing load is heaviest.
The key however is the deployment of dual 700 MHz Pentium III CPU's and 256 MB on the database back-end with the I/O supplied by 3 9GB SCSI drives configured as RAID 1 with a hot standby.
Editor-in-chief Mark Ferelli recently joined a panel of experts to discuss some of the underlying factors driving the storage industry's move toward switched storage back-ends.
An eCache is an out-of-the-box packaged data cache that can be rapidly deployed to hook ERP back-ends with eCommerce front-ends.
As a result, production lines are set up in back-ends to produce one type of component efficiently, and then changed over to produce the next.