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Exit Fee |
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Exit fee See: Back-end load
Exit Fee In mutual funds, A fee charged when the shareholder sells a share within a certain number of years. That is, when an investor initially buys into a fund with an exit fee, 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 fee usually declines by the year until the maximum number of years is reached. It is also called a deferred sales charge and the shares to which it applies are called B-shares. 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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provides interim financing of up to 75% of acquisition price, for up to five years with no exit fee, to experienced developers who wish to renovate or reposition property but are not yet prepared to proceed with construction or permanent financing. Rabobank says that's fair because the association must pay an $800 million exit fee before it can leave the Farm Credit System. Rabobank will pay $600 million to members and the exit fee of around $850 million. |
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