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 ?
The investors received monthly payments at 15% interest with an additional exit fee when the project was refinanced.
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.
However, those who bought tickets before the increase came into force and who are not traveling short haul -- under 1,250 kilometers -- or on a private jet will have to pay the additional exit fee at check-in upon departure.
The EU and the UK continue to squabble over that $50b exit fee and China used the BRICS meeting to launch a free-trade tirade again the US.
Now our Prime Minister and the British people are being taken for fools for an exit fee of one hundred billion euros.
PLANS FOR EARLY EXIT FEE CAP ON PENSIONS UNVEILED PLANS to cap early exit charges for people using new retirement freedoms have been confirmed, following concerns that high fees could block people from accessing their own savings.
However, I was then contacted by lots of readers telling me they had been charged an exit fee.
Fees that you pay in selling a fund can be called exit fee, redemption fee or back-end load.
An SSE spokesman said: "The exit fee is normally PS50 per customer for fixed discount tariffs and this is also detailed in our terms and conditions.
They have imposed tough lending terms, including an interest rate of 4% above current market rates and an exit fee of 14% in relation to a pounds 90m portion of the facility if it has not been repaid by January, 2013.
It will not apply to defined-benefit funds or accounts with a significant exit fee.
In the face of an increasing number of so-called 'rate tarts' - people who move their mortgage from lender to lender in search of better deals - many companies upped the exit fee they charge in a bid to recoup some of the loss.