No-load meaning

nō'lōd'
Not charging a fee when shares are purchased or redeemed.

A no-load mutual fund.

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Designating or of mutual funds charging no commissions on sales.
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A no-load mutual fund.
noun
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(US, especially of a financial instrument) Sold directly to a customer without a sales commission.
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(electricity) Not supplying power; open-circuited.
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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.
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Sentence Examples

  • Provided the ship is designed to float upright at the smallest draft with no load on board, the stability at any other draft of water can be arranged by the stowage of the weight, high or low.

  • The walls thus supported no load but their own weight, and were tied to the inner cage formed by the wall columns, interior columns, girders, and floors by anchors arranged to provide for the shrinkage of masonry in drying out which always occurs to a greater or less extent.

  • When the poise is at the zero end, and there is no load on the platform, the end of the steelyard is down, and has locked the ratchet wheel by means of the pawl; the shaft being thus locked, the sprocket wheels are stopped, the drum-shaft runs free by the friction clutch, and the two pulleys which are connected by the crossed band are running idle.

  • no-load funds all a sizable deposit quality of the more than million.

  • no-load money market mutual funds open to individuals.

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Also Mentioned In

Words near no-load in the Dictionary