The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

LOAD FUND Definition & Legal Meaning

Definition & Citations:

Sales commission, the load, on a mutual fund. It covers administrative and advisory charges. Front-end load: At the time of purchase of shares (units), the sales commission is payable. Backend load: sales commission is payable at the time of redemption or sale of shares. No-load fund: no fee; no advice.

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