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redemption charge

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Redemption charge
The commission a mutual fund charges an investor who is redeeming shares. For example, a 2% redemption charge (also called a back end load) on the sale of shares valued at $1000 will result in payment of $980 (or 98% of the value) to the investor. This charge may decline or be eliminated as shares are held for longer time periods.
redemption charge
See deferred sales charge.
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It will have a life of at least five years with redemptions available after the third and fourth anniversaries with applicable redemption charges.
Ashmore and UBS set up Guernsey-domiciled fund by CPI Financial
com warns that while those with 40% equity in homes could make big savings remortgaging, even if they have to pay an early redemption charge, anyone with less than 10% equity is better off sticking with a Standard Variable Rate (SVR).
90% home loan is on way back; Cash point by The Mirror (London, England)
Step 1 Check you have no early redemption charge - a penalty for paying off a home loan - to pay if you decide to switch mortgages.
Mortgages by guardian.co.uk / guardian.co.uk
 
 
 
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