redemption charge

Redemption charge

The commission a mutual fund charges an investor who is redeeming shares. For example, a 2% redemption charge (also called a back end load) on the sale of shares valued at $1000 will result in payment of $980 (or 98% of the value) to the investor. This charge may decline or be eliminated as shares are held for longer time periods.

redemption charge

References in periodicals archive ?
74% Arrangement fees: PS999 (can be added) Benefits: 60% LTV and free valuation Early repayment charge: Up to 5% if repaid before May 1, 2024, and PS65 redemption charge.
If a lifetime mortgage customer is no longer able to live independently and wishes to move into long term care (LTC) the customer can end their mortgage without paying an early redemption charge.
It is not designed to end early and if a customer chooses to repay their lifetime mortgage early a charge known as an early redemption charge may be payable.
Before the reducing scale was introduced, the early redemption charge would have remained at the same level throughout the fixed rate period.
These results include an income tax benefit and bond redemption charge.
QI have recently received my mortgage statement and it says that there is an Early Redemption Charge.
However, if you decide to pay off your debt before the end of the loan period, watch out for a redemption charge.
To pay that commission, these funds carry a 1% 12b-1 fee and a declining redemption charge.
Excluding the redemption charge Walgreens' after-tax profits rose 7.
They are selling their home, but an early redemption charge is due to their mortgage lender, Santander.
One should also be checking what happens to your rate at the end of the two years, and the early redemption charge should your circumstances change.
com warns that while those with 40% equity in homes could make big savings remortgaging, even if they have to pay an early redemption charge, anyone with less than 10% equity is better off sticking with a Standard Variable Rate (SVR).