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load fund

noun
1.
a mutual fund that carries transaction charges, usually a percentage of the initial investment.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for load fund
  • Justification for the selection of a load fund over a no-load fund.
  • If a load fund is purchased from a broker, there may also be a brokerage fee or commission.

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