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 ?
It may also suggest that there is potential for a backload sourcing agency system.
There is no mechanism for parties to stipulate deadlines for courts, nor could many courts accommodate requests for timeliness given the existing docket backload.
When all its supplies have been offloaded by LCACs, an MLP can move to a safe area to be resupplied or stand by to backload forces from ashore.
Deliverables are expected to include wreckers, flat deck recovery, fifth wheel towing and backload trailers.
The European Parliament's Committee on the Environment (ENVI), voted for the second time, on 19 June, for the European Commission's proposal to backload 900 million CO2 allowances, could adopt the proposal with a "clear" majority, as announced, the fay before, by Corien Wortmann-Kool (Netherlands), EPP vice-president, and Richard Seeber (Austria), ENVI coordinator for the EPP.
The European Parliament's Committee on the Environment (ENVI), which voted for the second time and with large majority, on 19 June, for the European Commission's proposal to backload 900 million CO2 allowances, could adopt the proposal with a "clear" majority, said Corien Wortmann-Kool (Netherlands), EPP vice-president, and Richard Seeber (Austria), ENVI coordinator for the EPP.
In particular, the prosecution's practice of disclosing to the defense significant and substantial amounts of material at or close to disclosure deadlines at both the confirmation and trial stages, coupled with an overbroad and cumbersome redaction regime, results in defense teams having to backload and amend their strategic planning and ongoing investigations in the months, weeks, and even days prior to the commencement of the confirmation hearing or trial proceedings.
The European Parliament's Committee on the Environment (ENVI), which will vote for the second time, on 19 June, for or against the European Commission's proposal to backload 900 million CO2 allowances, could adopt the proposal with a "clear" majority, said Corien Wortmann-Kool (Netherlands), EPP vice-president, and Richard Seeber (Austria), ENVI coordinator for the EPP.
Some additional factors contributing to overcrowding are lack of available space in the wards causing an obvious backload on the ER, the large number of walk-in patients many of whom could have been dealt with at lower level health care facilities,2 and the large number of attendants accompanying the patients.
Here, the household will either completely frontload or backload consumption, depending on the relationship between the discount factor and the interest rate.
4% Trust term in years 5 Trusttransferdate 11/1/11 Assumed FMV of property transferred to trust $2,000,000 Annuitized percentage of transferred FMV 25% Assumed annual assetvalue growth rate 5% Backload percentage 20% Economic Value Transfer Computation Pre-annuity Period end Post-annuity Period period end value annuity amount period end value 1 2,100,000 72,723 2,027,277 2 2,128,641 87,268 2,041,373 3 2,143,442 104,721 2,038,271 4 2,140,657 125,665 2,014,992 5 2,115,741 150,798 1,964,943 Tax Transfer Computation Pre-annuity Period end Post-annuity period end value annuity amount period end value 2,048,000 72,723 1,975,277 2,022,684 87,268 1,935,416 1,981,866 104,721 1,877,145 1,922,197 125,665 1,796,532 1,839,648 150,798 1,688,850
To his surprise, he was told the process would take two years because the agency had a backload of this type of transaction, reports Caribbean Business (Dec.