Meaning SALES CHARGE: The fee charged by a mutual fund at purchase of shares, usually payable as a commission to a marketing agent, such as a financial adviser, who is thus compensated for assistance to a purchaser. It represents the difference, if any, between the share purchase price and the share net asset value
More terms such as Sales charge in Dictionary S.
- Definition Suspense Account:
- Examples An account used temporarily to record receipts and disbursements that have yet to be classified sales charge definition.
- Definition Stock Certificate:
- Examples A document representing the number of shares of a corporation owned by a shareholder sales charge explain.
- Definition Serial Redemption:
- Examples The redemption of a serial bond sales charge what is.
- Definition Self-Liquidating Loan:
- Examples Loan to finance current assets. The sale of the current assets provides the cash to repay the loan sales charge meaning.
- Definition Shell Corporation:
- Examples An incorporated company with no significant assets or operations, often formed to obtain financing before beginning actual business, or as a front tax evasion sales charge abbreviation.
