Home > Term: back-end load
back-end load
Fee charged by mutual funds (unit trusts) to shareholders (unit holders) who sell their shares (units) before the prescribed period of unit-holding (usually eight years) is over. This fee declines with every year of shareholding and reaches zero on the last day of the prescribed period. See also front end load.
- Part of Speech: noun
- Industry/Domain: Accounting
- Category: General accounting
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- anton.chausovskyy
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