
The final charge made by an investment trust for example, when an investor sells shares in the fund.
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http://www.encyclo.co.uk/local/20416

A sales charge that is imposed when investors redeem shares of a mutual fund. Also known as the contingent deferred sales charge (CDSC), a back-end load generally declines over time. For instance, if you sell the mutual fund shares after one year, you may owe a 5% charge, but if you hold for three years, it may decline to 2%. Unfortunately, the cum......
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http://www.encyclo.co.uk/visitor-contributions.php

A charge imposed when investors redeem (sell) shares in mutual funds, which has the effect of... <a target=_blank href='http://www.finance-glossary.com/terms/back-end-load.htm?id=97&ginPtrCode=00000&PopupMode=false' title='Read full definition of back end load'>more</a>
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A charge imposed when investors redeem (sell) shares in mutual funds, which has the effect of... <a target=_blank href='http://www.finance-glossary.com/terms/back-end-load.htm?id=12674&ginPtrCode=00000&PopupMode=false' title='Read full definition of back-end load'>more</a>
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Refers to charges which are imposed upon the redemption or liquidation of an investment position. Often these charges are on a sliding scale. Sometimes, these charges are viewed as early withdrawal penalties. They are called back-end because they occur at the end of the investment process.
Found on
http://www.oasismanagement.com/glossary/
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