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A sales Charge or Commission paid when an individual sells an investment, such as a mutual Fund or an Annuity. Intended to discourage Withdrawal. also called Redemption fee or deferred Sales charge.

Related Terms: 15 Annuity, Charge, Commission, Call, Defer, Fund, Mutual fund, Paid, Redemption fee, Sales, Sales charge, Sell, UIT, Withdraw, Withdrawal
Other Related Pages: Category: Retirement Starting With: B
Additional Related Terms: Annuity unit, All or any part, At call, All-risks coverage, Annuity, Add-on service, Action to quiet title, As is, Assignment to creditors, Attorney in fact