See Also: Redemption charge(money)
Redemption charge(finance)
mike(3)(dictionary)
mike(1)(dictionary)
mike(4)(dictionary)
mike(2)(dictionary)
Mike (as used in expressions)(encyclopedia)
open mike(dictionary)
Fink, Mike(encyclopedia)
Wallace, Mike(encyclopedia)

mike 1, noun (oh) and Redemption charge (money)


mike 1, noun (oh)




[Date: 1900-2000; Origin: microphone]
informal a microphone
-see also open mike

Redemption charge (money)


Definition: [crh] The commission a mutual fund charges an investor who is redeeming Definition: /?rd=shares">shares. For example, a 2% redemption charge (also called a back end load) on the sale of shares valued at $1000 will result iDefinition: n payment of $980 (or 98% of the value) to the investor. This charge may decline or be eliminated as shares are held for longer time periods.