CONTINGENT DEFERRED SALES CHARGE. A sales charge, sometimes referred to as a “back-end load,” payable by an investor at the time of redemption of a municipal fund security. This charge is considered contingent because the amount of such charge typically will be reduced the longer the investor holds its investment and often will be eliminated after a specified period of time. Compare: FRONT-END LOAD. See: LOAD; MUNICIPAL FUND SECURITY.
Contingent Deferred Sales Charge. A fee charged to the account of a deferred annuity or variable annuity upon the full surrender of an annuity contract or upon the withdrawal of funds in excess of annuity contract limits.
Contingent Deferred Sales Charge. This is a declining back-end sales charge imposed upon shares redeemed within a specified period of time. For Example: Shares redeemed within six years are subject to such a charge (5 percent during year one, then 4 percent, 4 percent, 3 percent, 2 percent, 1 percent, for the next five years respectively). Shares redeemed after being held longer than six years are not subject to the CDSC. Dividend or capital gain distributions, whether paid out or reinvested, are not subject to the CDSC. Shares redeemed under the Systematic Withdrawal Plan (SWP) are not subject to the CDSC (SWP procedures are explained in the prospectus).
Contingent Deferred Sales Charge. A common type of deferred sales charge. The CDSC normally declines each year and is eliminated after a number of years.
a charge paid to the investment company by the customer if the customer sells shares of the mutual fund before the end of a designated period
a sales load that investors pay at the time of redeeming the mutual fund units
Contingent Deferred Sales Charge. The fee assessed by an investment company upon redemption of mutual fund shares.
Contingent Deferred Sales Charge. Mutual fund fee structure providing for a sales charge to be paid at the time of redemption of fund shares at a rate based on the client's length of ownership. Typically, the charge is imposed on a declining scale in the investor's first 5 - 6 years of ownership.
Contingent Deferred Sales Charge. commission imposed b y the fund when shares are redeemed during the first few years of ownership. Because the fund pays the Broker Dealer at time of purchase, any CDSC charged is retained by the fund. Schedules vary from fund to fund. Also called back end load charge.
Contingent Deferred Sales Charge. Also termed a back-end or rear-load, a sales charge or exit fee imposed on certain Transamerica IDEX share classes sold within a specified period. These charges are usually assessed on a sliding scale, such as 5% of amounts redeemed the first year, 4% the second year, 3% the third year, and so on.
Contingent deferred sales charge. An exit charge permitted under the regulations for a no-load scheme
Contingent Deferred Sales Charge. Sometimes, the selling expenses of the Fund are not charged of to the Fund immediately, but are recovered from Unitholders, whenever they redeem their units. This charge is generally inversely linked to the period of unit-holding
Contingent Deferred Sales Charge. It is the sales load charged by funds in the event of redemptions made within a pre-specified period of purchase. This charge is linked to the period of unit-holding and generally has an inverse relation with the holding period.
See Deferred Sales Charge.
Contingent deferred sales charge. The formal name for the load of a back-end load fund.
A type of back end load sales charge, a contingent deferred sales charge is a fee charged when shares are redeemed within a specific period following their purchase. These charges are usually assessed on a sliding scale, with the fee reduced each year the shares are held.
Contingent Deferred Sales Charge. A fee (or back-end load) imposed by certain funds on shares redeemed within a specific period following their purchase. These charges are usually assessed on a sliding scale, such as four percent to one percent of the amounts redeemed, with the fee reduced each year the units are held.
Contingent Deferred Sales Charge. The formal name for the back-end load is contingent deferred sales charge, or CDSC. A CDSC applies when a mutual fund charges investors a fee to sell shares during a specified time period. For Class B shares the fee decreases the longer the investor holds the shares. Class C shares typically apply the fee to shares sold during the first year of ownership.
Contingent Deferred Sales Charge. A fee imposed when shares are redeemed (bought back by a fund) during the first few years of share ownership when an up-front sales charge is not paid.
contingent deferred sales charge. A back-end sales charge imposed when shares are redeemed from a fund. This fee usually declines over time.
Contingent Deferred Sales Charge. The charge deducted from the annuity for withdrawing purchase payments in excess of allowed limits or upon full surrender of the annuity contract.
Contingent Deferred Sales Charge. Conversion Privilege
Contingent deferred sales charge. A back-end load that declines over time. For instance, if you sell the mutual fund shares after one year, you may owe a 5% charge, but if you hold for three years, it may decline to 2%.
Contingent Deferred Sales Charge. A method of assessing a sales charge in variable annuities and mutual funds where the actual percentage of the sales charge is dependent upon the length of time that the investor holds the contract and is payable upon redemption of the shares. (Also called a Back-End Load.) See: Class B Shares.
Contingent Deferred Sales Charge. A fee that an investor pays when redeeming (withdrawing) funds from an investment--also called "deferred sales charge," or "back-end" charge. The fee is usually dependent on how long the investment is held--the longer the time period, the smaller the fee. Mutual funds and annuities are the most common investments with back-end loads.
Contingent Deferred Sales Charge. A fee imposed when certain shares are redeemed (sold back to the fund) during the first few years, typically under 6 years, of share ownership.
