LOAD FUND
\lˈə͡ʊd fˈʌnd], \lˈəʊd fˈʌnd], \l_ˈəʊ_d f_ˈʌ_n_d]\
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Sales commission, the load, on a mutual fund. It covers administrative and advisory charges. Front-end load: At the time of purchase of shares (units), the sales commission is payable. Backend load: sales commission is payable at the time of redemption or sale of shares. No-load fund: no fee; no advice.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.