Load Fund Financial Glossary

What is it? A mutual fund that sells shares at a price that includes sales charges or commissions. (see No Load Fund).

Finance Term Definition Added By: Daniel

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Other Similar Finance Terms:

Financial Term Net spending is The cost of providing a service after allowing for specific grants and other income from fees and charges (i.e. not including Council Tax and money from the Government).

Financial Term Management Company is A firm that organizes, oversees and administers a mutual fund or variable annuity investment portfolio.

Financial Term Net Asset Value (NAV) is The market value of a fund share, synonymous with a bid price. In the case of no-load funds, the NAV, market price, and offering price are all the same figure, which the public pays to buy shares; load fund market or offer prices are quoted after adding the sales charge to the net asset value. NAV is calculated by most funds after the close of the exchanges each day by taking the closing market value of all securities owned plus all other assets such as cash, subtracting all liabilities, then dividing the result (total net assets) by the total number of shares outstanding. The number of shares outstanding can vary each day depending on the number of purchases and redemptions.

Financial Term Code Look Up is Feature that enables you to search for valid values within the Finance database. (you can look up the code by title or numerically).

Financial Term Exchange of Contracts is The point at which a buyer and seller legally commit themselves to the sale and purchase of something (for example, when you sell or buy a house). Once you have exchanged contracts, you cant change your mind.