Definition of 'back-end load'
back-end load
noun
the final charges of commission and expenses made by an investment trust, insurance policy, etc, when the investor is paid out
Collins English Dictionary. Copyright © HarperCollins Publishers
Derived forms
back-end loading noun
back-end load in Finance (bæk ɛnd loʊd)
Word forms: (regular plural) back-end loads
noun
( Finance : Investment )
A back-end load is a charge that an investor pays when they sell shares in a mutual fund, or when they cancel a life insurance policy.
A back-end load can amount to as much as 5 or 6 percent of the investment.
Some back-end load funds impose a full commission if the shares are redeemed within a designated length
of time, such as one year.
A back-end load is a charge that an investor pays when they sell shares in a mutual fund, or when
they cancel a life insurance policy.
Collins English Dictionary. Copyright © HarperCollins Publishers
back-end load in Insurance (bæk ɛnd loʊd)
Word forms: (regular plural) back-end loads
noun
( Insurance : Life insurance )
loadA back-end load is a charge that an investor pays when they cancel a life insurance policy.
Universal life policies usually carry a back-end load, often called a surrender charge, which ordinarily is a graded penalty applied against
the cash value if the policy is terminated within a few years of issue.
When the investor exits a mutual fund, a back-end load is applied which reduces the redemption value.
A back-end load is a charge that an investor pays when they cancel a life insurance policy.
Collins English Dictionary. Copyright © HarperCollins Publishers
Source
Definition of back-end load from the
Collins English Dictionary
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