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English definition of “sales charge”

sales charge

noun [C]
 
 
FINANCE, STOCK MARKET, INSURANCE an additional amount of money that you pay when you buy shares, insurance, or other financial products from a broker: a sales charge on sth There is no sales charge on dividends that are reinvested in additional shares. Thousands of people taking out pensions have been hit by crippling sales charges.
→ See also front-end
(Definition of sales charge from the Cambridge Business English Dictionary © Cambridge University Press)
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