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 ?
As part of the ISP's provisioning system, customers and operators will need to access both front end and back end data, from a common interface, which will generally be a Web front end.
Features include support for professional mobile appliances operating on the Palm, Pocket PC and Symbian EPOC platforms, native back end systems integration modules to major ERP systems, such as Baan, SAP R/3 and Scala, and a user interface template engine for the development of user interfaces for 3G mobile phones.
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Based on Bluetooth wireless consumer touch-point devices, access points and access controllers connected to a secure back end portal, these networks will be designed to allow customers to access their private information and to perform secure, trusted financial transactions regardless of the location and time.
In other words, you take the front end of the system - the part that interfaces with the user - and put it on the client-server system, without disturbing the back end.
We are proud that a European utility has once again turned to AREVA for our management solutions in the back end of the fuel cycle," said Dominique Mockly, Senior Executive VP of AREVA s Back End Business Group.
The resulting absorbent article has a front-end edge and a back end edge which are complementary.
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Mockenhaupt believes that because vendors relied so heavily on their front end functionality, they don't have the open APIs that allow browsers and applications to talk to the back end, making Web integration very difficult, and costly.
Having a service-oriented back end paves the way for reliable, real-time information for business transactions.