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English definition of “back-end load”

back-end load

noun [C]     (UK also exit charge)
FINANCE an amount of money that an investor pays when selling shares in some types of investments: The fund also carries a back-end load: 2.5% if you redeem within the first year, and 1.25% if you sell between one and two years.
(Definition of back-end load noun from the Cambridge Business English Dictionary © Cambridge University Press)
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