ThirdAge Investment Glossary |
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Back-end load
Fee that some mutual funds charge when you sell shares in the fund. The mutual fund prospectus must disclose whether the fund has a back-end load and, if so, how much it is and whether it declines the longer you remain in the fund. Back-end loads are also called contingent deferred sales charges, exit fees, or redemption charges. See also CDSC, front-end load, level load, and no-load fund.
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