Back End Load |
| "A charge imposed when investors redeem (sell) shares in mutual funds, which has the effect of discouraging withdrawals. |
Back-end Load |
| A charge imposed when investors redeem (sell) shares in mutual funds, which has the effect of discouraging withdrawals. Traditionally, the earlier you redeem, the higher the back-end load. After holding for five years or so, there will usually not be a back-end load. In the UK these charges are known as an exit charge. |
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