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A sales charge that is not explicitly disclosed or is buried in the fine print of a mutual fund prospectus or life insurance policy and therefore is not immediately apparent.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A loan or sales charge for purchasing shares in a mutual fund that is not obviously stated in the fund's prospectus. Colloquially, it may also refer to a 12b-1 fee.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A mutual fund sales fee that is not readily apparent to investors. The term generally applies to an annual 12b-1 fee that is charged by many mutual funds.
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.