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contingent deferred sales charge

   Also found in: Acronyms 0.09 sec.
Contingent deferred sales charge (CDSC)
The formal name for the load of a back-end load fund.
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.
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The product carries no charges at the time of purchase, no surrender fees, no contingent deferred sales charges and no annual contract administrative charge.
Safeco Launches Variable Annuity Marketed by Advisers by Best's Review
Nowadays commissions take a half-dozen different forms -- for instance, the contingent deferred sales charge ("back-end load") collected when you redeem.
Short-Term Fund Approach Will Not Weather Recession by CURRIER, CHET / Los Angeles Business Journal
Contingent deferred sales charge (4%-8% of withdrawals).
Nothing comes free by Khalfani, Lynnette / Black Enterprise
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