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!"
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.
Afterwards, Macca said: "It brought back loads of beautiful memories and reminded me of where we started."
Afterwards, Macca told the Mirror: "It brought back loads of beautiful memories and reminded me of where we started."
Some cargoes bound for Leyte and Samar are now being transported to Tacloban City through cargo forwarding services as it is delivered direct to business establishments in Tacloban City and in Leyte and cargo forwarders return back to Manila with junks as back loads.
The rain bring back loads of good memories of my childhood.'
Other highlights include strong, heavy-duty wheel brackets for high load capacity; an ergonomic kick bar that assists with loading, unloading and breaking back loads; and no-axle construction to prevent brake misalignment.
Henderson, star of Aidy Boothroyd's promotionwinning team in 2006, said: "I've been back loads of times since, but I never seem to have much luck.
The rain brought back loads of good memories of the childhood," said Ayesha, a young girl.
The setting made the day extra special because it brought back loads of old memories."