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Exit Fee

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Exit fee

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.

exit fee


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Your current mortgage provider may charge exit fees for switching and there may also be setup costs for the new mortgage.
5percent of the loan advance, however the consumer must be advised and be made aware of any exit fees.
It follows a voluntary move earlier this year by McCarthy and Stone - one of the major players in the retirement homes market - to remove its exit fee charges.
 
 
 
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