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 ?
A pure general-permitting program frontloads all substantive decisions to the permitting-system stage, whereas a pure specific-permitting system backloads them to the permit administration stage.
70) See Director of Consumer Affairs Victoria v AAPT Ltd [2006] VCAT 1493 (Unreported, Morris P, 2 August 2006) [50l; Director of Consumer Affairs Victoria v Trainstation Health Clubs Ply Ltd [2008] VCAT 2092 (Unreported, Harbison V-P, 24 October 2004) [175] ('Trainstation Health (Tubs'); Director of Consumer Affairs Victoria v Backloads.
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.
Spain traditionally backloads its big films into the fall, ducking Hollywood summer blockbusters.
Using the date of exit backloads the data for other periods
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.
This formula backloads the accrual of pension benefits (Barnow and Ehrenberg 1979, Ippolito 1985, and Kotlikoff and Wise 1987).
8220;We endeavour to offer companies using our haulage exchange the opportunities to maximise their profits by finding backloads through dedicated freight alerts.