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load definition - finance
A charge added to the sale of shares in a mutual fund. The load covers sales commissions and other market costs. A mutual fund without a sales charge is called a no-load mutual fund. Typically loads range from 0.5% to 2.0% of the mutual fundÂ’s assets under management.

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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