contingent deferred sales charge

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Contingent deferred sales charge (CDSC)

The formal name for the load of a back-end load fund.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Contingent Deferred Sales Charge

The formal name for the load in a back-end load fund. A CDSC is the fee paid when a shareholder sells shares in a mutual fund within a certain number of years. That is, when an investor initially buys a share in a back-end load fund, 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 CDSC usually declines by the year until the maximum number of years is reached. See also: B-share.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in classic literature ?
The Pawnee prisoners are not yet in their village; their young men have not come back loaded with scalps!"
They turned around an evolution, that may have taken several days to offload and back load equipment from both civilian merchant ships and military ships, to just under 24 hours with no incident.
However, if the back load is imposed on the initial investment - as often it is - the future value of a back-load fund is greater than the future value of a front-load fund.
Every ship whether it was an offload or a back load presented her own challenges: broken cranes, hot racking, no food, no coffee, ships where the engines were deafening, sometimes it rained, and sometimes it was so hot you could only work 20 minutes on and 60 minutes off.
The cyclic performance of the chairs was determined by means of two tests described in the performance test method for library chairs developed and promulgated by the American Library Association (Eckelman 1995, 1999): the cyclic front to back load test on seats and the side thrust load test on seats.
The back load space is good with a practical flat floor with few intrusions, making it easy to pack in large items.
In the case of front to back load tests, acceptance levels of 250, 350, and 450 pounds are defined for categories of light, medium, and heavy duty.
As applied to tables and desks, the front to back load test consists of pushing from front to back across the top of the desk.
A back load like this could be sent down to London at a fraction of the normal price one would usually pay simply because the truck going to Manchester has already been paid to come back empty and therefore by
"A lot of fire services back loaded the cuts so we're only really seeing the full effect of austerity now."
Love you to the moon and back loads of love, happiness, success & blockbusters for you always...
They've brought back loads of gold medals - A veritable treasure chest, And their wonderful Merseyside dance school, Was judged as performing the best.