Definitions for "No load"
The air compressor continues to run, usually at full RPM, but no air is delivered because the inlet is either closed off or modified, not allowing inlet air to be trapped. ( 020)
When an air compressor is running at full RPM and is wide open, but no air is sent because the inlet is either closed off or modified and will not allow inlet air to be trapped.
Keywords:  redemption, mutual, load, nav, bid
A no-load fund doesn't charge any sales fee or load.
Commission Free: This means that the commission is paid from the insurance company, not out of the policyholder's principal. This charge, also called Percentage of Premium Charge, is deducted from each premium paid. The percentage may reduce after the contract has been in force for a certain number of years or after the premiums paid in have reached a certain level.
A term used to describe *collective investment schemes that have no sales charges.