Financial Definition of Back-End Loan Fund
Meaning of Back-End Loan Fund
A mutual fund that charges investors a fee to sell (redeem) shares, often ranging from 4% to 6%. Some back-end load funds impose a full commission if the shares are redeemed within a designated time, such as one year. The commission decreases the longer the investor holds the shares. The formal name for the back-end load is the contingent deferred sales charge, or CDSC.
Related Entries of Back-End Loan Fund in the Encyclopedia of Law Project
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Back-End Loan Fund in Historical Law
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Legal Abbreviations and Acronyms
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