Front end load,
Definition of Front end load:
Investing: Fees and charges that an investor has to pay at the time of initial purchase of annuities, life insurance policies, mutual fund shares (unit trust units), etc. See also back end load.
The deduction of commission fees and expenses from mutual fund shares at the time of purchase.
Banking: Interest charges or fees that are higher in the early years of a loan, such as in a home mortgage where interest may comprise 90 percent or more of monthly installment amount.
How to use Front end load in a sentence?
- They also pay 0.95% for the basic insurance and 2.5% in front-end loads each time they make a deposit into the mutual fund-like sub-accounts.
Meaning of Front end load & Front end load Definition