exit fee

Exit fee

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.

exit fee

References in periodicals archive ?
Moreover, the exit fee (when the mortgage holder wants to shift to another lender) clauses could also differ from the original charges."
If that isn't delivered, you can leave the contract without an exit fee You'll need to prove this, of course.
For investors who redeem their investment before the holding period, the exit fee is 1 percent.
Total investment income for the three months ended September 30, 2018 was approximately USD 49.5 million, or USD 0.84 per share, including USD 0.06 per share from prepayment premiums and related accelerated original issue discount and exit fee amortization, USD0.07 per share from recurring original issue discount and exit fee amortization and USD 0.06 per share from recurring income paid in kind.
They refuse to negotiate, simply not moving from their initial position of demanding an exit fee be agreed before considering any future post exit relationship - including trade.
But now, faced with an additional potential three per cent exit fee, refinancing is usually not viable," says Hajje.
"The regulator's rules on switching are extremely clear - if you're in the last 49 days of your fix, you DON'T have to pay an exit fee and can switch to a different provider penalty-free.
An undocumented applicant will pay a fixed discounted penalty of 300 Malaysian ringgit regardless of the length of overstay and a 100 ringgit exit fee.
According to Jose, undocumented migrants would only have to pay a fixed discounted penalty of MYR300 and a MYR100 exit fee.
if you do not sign up to smart energy meter, these only save the firms money not you if you do not get a smart meter in the time frame you will be charged an exit fee of up to PS60 and moved on to a different tariff.
The Central Bank of Egypt revised the pricing of using its repatriation mechanism for portfolio investors, increasing the entrance fee for fresh foreign currency portfolio investments to 1% (instead of a previous 1 piaster), while keeping the exit fee constant at 0.5%.