No load fund


 

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No load fund

A mutual fund where investors deal directly with the investment company rather than through a broker. Investors are accordingly not charged a sales commission and the net asset value, bid and offer prices are all the same.



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Back end load

Back end load

A 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.


Less Than Container Load

Less Than Container Load

Shipments of less than container load size (<$50,000).


Reload Stock Option

Reload Stock Option

A ../../finance-glossary/ment stock option granted by some companies to optionees upon a stock swap. The number of reload shares granted is equal to the number of shares delivered to exercise the option plus, in some cases, any shares withheld for tax withholding obligations. The exercise price of the new option is the current market price. The option generally expires on the same date that the original option would have.


Loading

Loading

A term for the administration charges imposed by institutions on mutual funds, unit trusts and pension plans. Charges that are incurred when you buy units in a fund are known as front-end or initial charges, and those which are incurred when you sell are known as back-end or exit charges.


Load to load

Load to load

Arrangement whereby the customer pays for the last delivery when the next one is received.


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