deferred contingency sales load

deferred contingency sales load definition - finance
Another name for a commission charged on a mutual fund that has a back-end sales load. That means that no commission is paid when the investment is purchased, but the commission is charged when investors liquidate their holding. However, if the mutual fund is held for a minimum time period, such as five years, then the investor doesnÂ’t have to pay the sales commission at all.

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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