back-end load


Also found in: Financial.

back-end load

n
(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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
value of the respective fund subject to back-end load as applicable.
Investors of class B units would be able to buy or sell units at price based on net asset value of the respective fund subject to back-end load as applicable.
Investors of class B units would be able to buy or sell units at price based on the net asset value of the respective fund subject to back-end load as applicable.
The lessening in AUMs was mainly because of redemption in JS value fund and JS growth fund after the elimination of back-end load following to the conversion of these funds from closed-end to open-end funds in the last year.
Fees that you pay in selling a fund can be called exit fee, redemption fee or back-end load. At least include the entry fees in computing for returns.
Enhancement of unit-holders rights in case of any material change impacting funds category and investment objective or other key aspects such as management fee or back-end load, etc.
Back-end load of 5% acts as a disincentive for redemptions.
Also, the fund does not provide instant liquidity like bank accounts because a back-end load structure is associated with the fund in case the investor decides to withdraw his funds prior to the two-year life of the fund.
If a load is charged upon the initial purchase, normally upon the subsequent redemption or sale there is no charge (i.e., there is no back-end load).
back-end load: A load is a charge against policy values for business expenses of the insurer in issuing the contract.
A back-end load might be charged when money is withdrawn from a fund; sometimes the percentage deducted goes down the longer the money is kept in the fund.
This may be kept by the distributor (sales branch of the fund group) to recoup the broker's commission when there was no traditional front-load sales charge for back-end load (B) shares.