Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The sales fee the buyer pays in order to acquire an asset. This fee varies according to the type of asset and the way it is sold. Many mutual funds impose a sales charge. As a result of the load, only a portion of the investor's funds go into the investment itself. Also called front-end load, sales load.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
If you buy a mutual fund through a broker or other financial professional, you pay a sales charge or commission, also called a load.
If the charge is levied when you purchase the shares, it's called a front-end load. If you pay when you sell shares, it's called a back-end load or contingent deferred sales charge. And with a level load, you pay a percentage of your investment amount each year you own the fund.
load the work which is assigned to a workstation (machine or operative) during a specified period of time. See PRODUCTION-LINE BALANCING.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
A load is a sales charge imposed when mutual fund shares are purchased or redeemed.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary