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 ?
t] he agency may be understaffed for the volume of work at hand, and the resultant backloads may be a cause of shoddy, pro forma investigations"); Christopher Jensen & Matthew L.
The carrier companies win as well since we will keep them continuously in-tune with the customer's needs and this will further help them in filling up their empty truck with potential backloads.
The antipathy is due to Loria's well-deserved reputation as a guy who backloads contracts, refuses to give players no-trade clauses, and dumps his guys at the snap of a finger if it means more to his financial bottom line.
Today's Zaman said 40 countries have appealed for the quotas to be lifted because they have great backloads of prospective pilgrims eager to make the hajj and getting older.
Ditching chronology, the album backloads the gems in Robbie's canon on CD2.
Its services therefore enable member companies to virtually eradicate empty journeys and unprofitable backloads, and share the many costs of transporting goods.
Frankly, it is time to sue the Florida Legislature to force proper funding as the continued increases in costs and delays in having cases heard makes a mockery of our judicial system and creates animosity toward it by ordinary citizens who do not understand how the Legislature's continued cutting of funds has caused these huge backloads of cases.
Using the date of exit backloads the data for other periods
fill empty trailer spaces or locate profitable backloads for their trucks.
TransPro efficiently - and cost- effectively - backloads historical account data and client information from 3rd-party software systems, such as Advent Axys and FCSI's dbCAMS.
Once in the UK, foreign operators will secure backloads wherever possible, offering to undertake outbound legs from the UK at rates that are unsustainable for UK hauliers.