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.
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Businesses will be required to submit compensation plans to the CDSC and provide compensation accordingly to the consumers in question.
The local authorities currently have responsibility for inputting the microbiological results and associated sample information into the WFMF database and electronically transmitting the data to CDSC Wales, where it is collated for storage and analysis.
Dr Hunt said the CDSC will be pushing for more Muslims to take the vaccine before travelling to Mecca on future pilgrimages.
The purchase of "C" shares would result in a 1% 12b-1 fee and a contingent deferred sales charge, with the CDSC declining from 5% in the purchase year to 0% in the sixth year.
The CDSC usually runs on a sliding scale with a higher charge for the early years.
The purpose of this consultation is the prime contractor on the work of restructuring, renovation, modification of electrical installations (low current and high) of CDSC facilities, arrangement of new spaces for receiving the public ; this work will be carried out in accordance with regulatory requirements and constraints related to the work on an occupied site, in a public building (ERP).
The Nairobi Securities Exchange (NSE), Uganda Securities Exchange (USE), Dar es Salm Stock Exchange (DSE), Rwanda Stock Exchange (RSE) and Kenya's CDSC have also made a proposal for a single stockbroker licence.