no-load fund

no-load fund definition - business

no-load fund

An open-end investment company, shares of which are sold without a sales charge. No-load funds sell directly to customers at net asset value with no intermediate salesperson charging a fee. See also low-load fund.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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