Class B Shares

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Class B Shares

Shares in a mutual fund with a back-end load. For class B shares, a certain amount of one's investment is deducted for the commission of mutual fund's salesperson when one sells the shares. That is, one gives the salesperson a certain percentage of the share's value if one decides to sell it within five to 10 years, depending on the specific nature of the agreement. The size of the fee usually declines by the year until the maximum number of years is reached.
References in periodicals archive ?
The Lake Mills facility is much larger than our current Class B production facility in Charles City and allows us to expand our growing Class B motorhome line.
Suppose NBP's common stock consists of 60 class A shares (two votes each) and 40 single-vote class B shares, for 100 shares and 160 votes.
Based on this analysis, the class A-1, class A-2, and class B notes' breakeven rates are generally consistent with the rating assigned.
A substantial portion of the interest proceeds on the most recent payment date in October was used to pay the hedge counterparty, and more than half of the interest due to class B was paid out of principal proceeds.
Class A's enhancement, equal to 11% of the total initial invested amount, is derived from a 5% shared cash collateral account (CCA) and the subordination of the 6% class B certificates.
The class B (2007-5) notes will receive payments of principal and interest pro rata with other class B's outstanding based on the stated principal amount of each outstanding series of notes in that tranche.
The collateral amount covers losses to class A then class B and consists of a cash collateral account (CCA) and an undivided interest in the trust's assets called the collateral invested amount (CIA).
The class B (2007-1) notes will receive payments of principal and interest pro rata with other class B's outstanding based on the stated principal amount of each outstanding series of notes in that tranche.
5% of the initial invested amount will be available to class A certificateholders through subordination of class B, equal to 5.
The class B (2007-3) notes will receive payments of principal and interest pro rata with other class B's outstanding based on the stated principal amount of each outstanding series of notes in that tranche.
Credit enhancement for the class A certificates will consist of the subordination of the class B certificates, a reserve account, excess spread, and the certificate insurance policy provided by MBIA.
The class B (2007-4) notes will receive payments of principal and interest pro rata with other class B's outstanding based on the stated principal amount of each outstanding series of notes in that tranche.