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Back end load |
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Back end loadA charge imposed when investors redeem (sell) shares in mutual funds, which has the effect of discouraging withdrawals.Traditionally, the earlier you redeem, the higher the back end load. After holding for five years or so, there will usually not be a back end load.In the UK these charges are known as an exit charge.Similar MatchesBackup Line of CreditBackup Line of CreditA bank assurance of funds obtained by an issuer of commercial paper to protect the CP investor from default. The issuer pays a commitment fee to the bank. PullbackPullbackThe downward reversal of a prolonged upward price trend. BackwardationBackwardationA market condition in which futures prices are lower in the distant delivery months than in the nearest delivery month. This may occur when the costs of storing the product until eventual delivery are effectively subtracted from the price today. The opposite of contango. Commodity backed bondCommodity backed bondA bond with interest payments tied to the price of an underlying commodity. Back to back loanBack to back loanA situation where an investment organisation, such as an investment trust, deposits sterling with a UK bank which subsequently arranges with a foreign associate bank to lend the equivalent amount of foreign currency to the investment organisation. The purpose of this transaction is to hedge against currency fluctuations affecting the portfolio. Further Suggestionsshare buybackBack testing Buyback "Buy them back" Net operating loss carrybacks Loss Carry Back (Carry Forward) carry back Backward bending Lookback option Clawback Back to back financing back to back inheritance tax plan Piggybacking Back months Plowback rate Dividend clawback Duty drawback backspread Mortgage Backed Securities Clearing Corporation (MBSCC) Back fee Discounted payback period rule Put ratio backspread Asset backed security Tax clawback agreement Back on the shelf |
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