no-load Hear it!

no-load Definition

no·-load (nō′lōd′)

adjective

designating or of mutual funds charging no commissions on sales

noun

a no-load mutual fund

no-load Finance Definition
A term used to refer to a mutual fund that has no sales charge. It is in contrast to a load mutual fund, which does have a sales charge that pays the person selling it a commission and covers other marketing charges. However, the fund still charges an asset-management fee based on a percentage of the assets under management, which provides its profit.
no-load Usage Examples

Modifies a noun

  • fund: No-load funds all a sizable deposit quality of the more than million.
  • market: The American Beacon Mileage Funds are a series of 3 no-load money market mutual funds open to individuals.

Browse dictionary entries near no-load

  1. ‹ no-knock
  2. ‹ no-hitter
  3. ‹ no-growth
  4. ‹ no-good
  5. ‹ no-go
  6. ‹ no-frills
  7. ‹ no-fault
  8. ‹ no-cal
  9. ‹ no-brainer
  10. ‹ no bill
  1. no-lose ›
  2. no man's land ›
  3. no-name ›
  4. no-no ›
  5. no-nonsense ›
  6. no one ›
  7. no-par ›
  8. no-par stock ›
  9. no-see-um ›
  10. no-show ›