Unit Trusts

Back-End Load
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.
Closed-End Funds
Closed-End Funds are investment funds with a fixed amount of capital managed by an investment company, as opposed to open-ended funds like unit trusts that continually issue and redeem shares.

Accounting Terms Lexicon

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