The "Load" Fee Charged by a Mutual Fund Is Paid

question 20

True/False

The "load" fee charged by a mutual fund is paid when the shares are sold.

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Definitions:

Writ of Attachment

is a legal document issued by a court ordering the seizure of property to secure satisfaction of a judgment.

Prejudgment Remedy

A legal measure obtained before a court's final decision to secure assets or interests, ensuring satisfaction of a potential judgment.

Debtor

An individual or entity that owes money or has a financial obligation to another party, known as the creditor.

Mortgage

A written instrument that gives a creditor (the mortgagee) an interest in, or lien on, the debtor’s (mortgagor’s) real property as security for a debt. If the debt is not paid, the property can be sold by the creditor and the proceeds used to pay the debt.