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sales Load |
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Sales load See: Sales charge
sales Load In mutual funds, a commission that pays the person(s) who sold the investor shares in the fund. There are three types of sales load. A front-end load means that the shareholder pays the fee when buying into the fund, while a back-end load means that he/she pays when selling his/her shares. An investor with a level-load fund pays periodically throughout his/her time as a shareholder. Studies have shown that load funds perform neither better nor worse than no-load funds. A sales load is perhaps more commonly simply known as a load. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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