redemption fee

Definition

A sales charge or commission paid when an individual sells an investment, such as a mutual fund or an annuity. Intended to discourage withdrawals. also called redemption fee or deferred sales charge. also called back-end load.

Use redemption fee in a sentence

The redemption fee charged to new investors diminishes over a period of 3 years from a high of 5 percent to zero.

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There was a redemption fee that we were happy to pa,but we wanted to know the reasoning behind it and how it worked.

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The type of charge that is paid after an investment is made such as annuity is or a mutual fund that is made by an individual is known as redemption fee

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