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Definitions from the Web

deferred sales charge

Definition:

A deferred sales charge, also known as a back-end load, is a fee that investors may incur when they sell certain mutual fund shares, mostly within a specified period after purchasing them.

Examples:

• He decided to sell his mutual fund shares but was surprised to find out that he would be charged a deferred sales charge.
• The deferred sales charge for selling the mutual funds within the first year was 5% of the total value of the shares.

Possible related products on Amazon:

• Mutual Funds
• Investment Books