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Sales Load

The sales fee that the buyer pays in order to acquire an asset.

Additional Comments:

The fee varies according to the type of asset and the way it is sold. Many mutual funds impose a sales charge. As a result of the load, only a portion of the investor?s funds go into the investment itself.

Related Terms:

No Load Fund
Mutual Fund offered by an open end investment company that imposes no sales charge (load) on ...

Mutual Funds
Mutual funds are the most common type of pooled investment. Funds "slice and dice" many types of ...

Closed-Ended Funds
Closed-ended funds, like their more populous and popular open-ended cousins, are investment companies set up to ...

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