| 单词 | back-end load |
| 释义 | back-end load in British Englishnoun the final charges of commission and expenses made by an investment trust, insurance policy, etc, when the investor is paid out 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 lengthof 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 whenthey cancel a life insurance policy. 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 againstthe 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. |
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