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.

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.

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.
References in periodicals archive ?
Then, the industry began to transition from through-hole technology into surface mount technology, ushering in a new set of requirements for back-end equipment.
Customers (B2C), suppliers (B2B), or employees (B2E) use their version of the portal as an entry point to access multiple information repositories on the back-end. These individuals do not know or care where the information is stored as long as they have it at the click of a button.
Further, since most programs reside on back-end servers, end-users access to the latest application versions is virtually instantaneous.
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And what of the "front-end" and "back-end" sub-products?
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NADRA has been providing services as a back-end System Integrator for the programme that has been implemented in two phases.
Summary: In a move to lower the cost of remittances to Philippines from the Middle East thus facilitating a full receipt of funds to beneficiaries, Xpress Money has announced 'no back-end charges' on any transaction to the Southeast Asian country.
The other change approved by the cabinet to the November 2011 decision, that could not be notified due to political protests, includes a stipulation that at least half the FDI brought in has to be invested in creating back-end infrastructure within three years.
"Even with all the money in the world it can take years -- maybe 8-10 years for the kind of back-end you need," he said.