Sales charge

The fee charged by a mutual fund when purchasing shares, usually payable as a commission to marketing agent, such as a financial advisor, who is thus compensated for his assistance to a purchaser. It represents the difference, if any, between the share purchase price and the share net asset value. The New York Times Financial Glossary

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sales charge UK US noun [C]
FINANCE, STOCK MARKET, INSURANCE an additional amount of money that you pay when you buy shares, insurance, or other financial products from a broker: a sales charge on sth »

There is no sales charge on dividends that are reinvested in additional shares.

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Thousands of people taking out pensions have been hit by crippling sales charges.

See also FRONT-END(Cf. ↑front-end)

Financial and business terms. 2012.

Look at other dictionaries:

  • Sales Charge — A commission paid by an investor on his or her investment in a mutual fund. The sales charge is paid to a financial intermediary (broker, financial planner, investment adviser, etc.) for selling the fund and is intended to provide compensation… …   Investment dictionary

  • sales charge — The fee charged by a mutual fund at purchase of shares, usually payable as a commission to a marketing agent, such as a financial adviser, who is thus compensated for assistance to a purchaser. It represents the difference, if any, between the… …   Financial and business terms

  • Contingent Deferred Sales Charge (CDSC) — A fee (sales charge or load) that mutual fund investors pay when selling Class B fund shares within a specified number of years of the date on which they were originally purchased. Also known as a back end load or sales charge . For mutual funds… …   Investment dictionary

  • contingent deferred sales charge — ( CDSC) See back end load. American Banker Glossary ( CDSC) The formal name for the load of a back end load fund. Bloomberg Financial Dictionary …   Financial and business terms

  • Contingent deferred sales charge (CDSC) — The formal name for the load of a back end load fund. The New York Times Financial Glossary …   Financial and business terms

  • deferred sales charge — See back end load …   Financial and business terms

  • charge — The document evidencing mortgage security required by Crown Law (law derived from English law). A Fixed Charge refers to a defined set of assets and is usually registered. A Floating Charge refers to other assets which change from time to time (… …   Financial and business terms

  • sales load — See: sales charge * * * sales load UK US noun [C] FINANCE ► SALES FEE(Cf. ↑sales fee) …   Financial and business terms

  • Sales taxes in the United States — are a tax added onto the price of goods or services that are purchased in the United States. A sales tax is a tax on consumption, which is displayed as a percentage of the sale price. Sales taxes are assessed by every state except Alaska,… …   Wikipedia

  • sales fee — ➔ fee * * * sales fee UK US noun [C] ► (also sales load) FINANCE a charge that you pay when you buy or sell shares in an investment company: charge/pay a sales fee »Buyers must pay a sales fee of 5%, even if they buy the fund directly from us …   Financial and business terms

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