B-Share

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B-Share

A share in a mutual fund to which a fee is charged when the share is sold within a certain number of years. That is, when an investor initially buys a B-share, 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. A B-share is one type of load fund. See also: A-share, C-share, No-load fund.
References in periodicals archive ?
56) A and B share equally in the $5 ($55 - $50) second Sec.
50 per WIC Class B Share tendered, payable at the option of each WIC shareholder, either entirely in cash or on the basis of $0.
The average closing price of Big B shares for the three months ended September 6 was $9.
If A's stock is redeemed before the sale of B shares to C, B's ownership will increase from 50% to 100%.