a charge enforced whenever investors redeem (offer) stocks in shared funds, with the end result of discouraging distributions. Usually, the sooner you redeem, the greater the back-end load. After keeping for 5 years or so, there will not often be a back-end load. In the united kingdom these charges are called an exit charge.
fee on shared resources if shares can be purchased prior to the duration is over. It goes down every year closer to the maturation time. Relate to front end load.
Fee charged by mutual resources (unit trusts) to shareholders (unit holders) who sell their particular shares (units) ahead of the prescribed amount of unit-holding (usually eight years) is over. This fee declines with each year of shareholding and reaches zero from the last day's the recommended period. See in addition front end load.