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deferred sales charge

   Also found in: Acronyms 0.02 sec.
deferred sales charge
A fee levied by some open-end investment companies on shareholder redemptions and by many insurance companies on annuities. The charge of up to 5% of the value of the shares being redeemed frequently varies inversely with the period of time the shares have been owned. A deferred sales charge is indicated in mutual fund transaction tables in newspapers by the symbol r. Also called back-end load, exit fee, redemption charge. See also contingent deferred sales charge.
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See also: Back End Load, Contingent Deferred Sales Charge - CDSC, Exchange Privilege, Front End Load, Mutual Fund,
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