Back-end load
The service fee charged upon the sale of a mutual fund share. The fee amount decreases as the time of share ownership increases.
(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)
The service fee charged upon the sale of a mutual fund share. The fee amount decreases as the time of share ownership increases.
(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)
