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back-end load |
Also found in: Financial | 0.02 sec. |
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back-end load
n (Economics, Accounting & Finance / Banking & Finance) the final charges of commission and expenses made by an investment trust, insurance policy, etc., when the investor is paid out back-end loading n Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | The back-end load is less too, one percent in most cases. A back-end load might be charged when money is withdrawn from a fund; sometimes the percentage deducted goes down the longer the money is kept in the fund. 30, 2002) Product Descriptions * A-Share--Annuities with front-end loads * B-Share--Annuities with traditional back-end loads (surrender charge period is typically 7-8 years or longer) * C-Share--Annuities with no back-end loads (no surrender charges) * L-Share--Annuities with short surrender charge period of 3 or 4 years * Bonus--Annuities that credit a bonus (typically 3% to 5%) of premium to the policyholders' account value at contract issue. |
back-end load |
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