contingent deferred sales charge

contingent deferred sales charge definition - finance
A fee that is imposed if mutual fund shares are sold back to the fund within a certain time frame during the initial years of ownership. Typically, the sales charge decreases over time and is eliminated after a certain period, such as four years.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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