Definitions for "redemption fee"
A sales charge or commission paid when an individual sells an investment, such...
A fee that some mutual funds subtract from the proceeds when a shareholder redeems shares after holding them for only a short period. Unlike a contingent deferred sales charge, which is used to pay distribution costs, a redemption fee goes back into the fund's portfolio.
Some funds charge a redemption fee for redeeming shares.
Keywords:  met, holder, units, cost
Cost met by the unit holder for the redemption of units.
Keywords:  load, end, back, see
See back-end load.