Please Define the Following Key Terms

question 30

Short Answer

Please define the following key terms
-Santeria

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Definitions:

Back-end Load

A fee paid by investors when selling mutual fund shares, typically decreasing over time the longer shares are held, designed to discourage quick withdrawals.

Front-end Load

A sales charge or commission that investors pay upfront when purchasing shares of a mutual fund or investment, typically used to compensate brokers.

Back-end Load

A fee paid by investors when they sell shares of a mutual fund, often decreasing over time the longer shares are held.

Annual Fees

Charges that must be paid yearly for membership or participation, often associated with credit cards, investment funds, and various types of subscriptions.