A back-end load is a fee incurred by an investor when selling shares from a unit trust or investment trust, deterring short-term speculation and rewarding longer-term investment.
An exit fee, also known as a back-end load, is a fee charged when an investor sells or withdraws from an investment, typically within a specific period.
The term 'load' can refer to different concepts in computing and finance. In computing, it involves moving a program from a disk to a computer's memory. In finance, it typically refers to a sales charge paid by an investor when buying shares in a mutual fund.
