Another Name for a Mutual Fund That Charges a Contingent

question 120

Multiple Choice

Another name for a mutual fund that charges a contingent deferred sales load is a(n) ____________ fund.

• A)bare bones
• B)end state
• C)bare back
• D)back-end
• E)pay later

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Definitions:

Bank Statement

A monthly document provided by a bank detailing all transactions in an account, which can include deposits, withdrawals, service charges, and interest earned.

NSF Check

A check that a bank has declined to honor because the account on which it was drawn does not have sufficient funds.

EFT Deposit

Stands for Electronic Funds Transfer deposit, a method of transferring money directly from one bank account to another electronically.

Service Charge

A fee collected to pay for services related to the primary product or service being purchased, often added to bills in restaurants, banking, and lodging industries.