Technical Analysis Glossary Sales charge mutual fund

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Technical Analysis Glossary: Sales charge

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Term:

Sales charge

Definition:

The fee charged by a mutual fund at purchase of shares, usually payable as a commission to a marketing agent, such as a financial adviser, who is thus compensated for assistance to a purchaser. It represents the difference, if any, between the share purchase price and the share net asset value.

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9/2/2010 - SV1