NO-LOAD FUND Definition

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NO-LOAD FUND is a mutual fund sold directly to investors without commissions paid to salesmen or other up-front costs. Some funds charge surrender fees, although a pure no-load fund has no sales, exit or marketing fees.

Learn new Accounting Terms

DOCUMENT RECONCILIATION is the synchronization of formalized documents to approved or changed requirements or specifications.

DEFERRED PAYMENT CREDIT is a type of a letter of credit where payment is made at a specified interval after collection papers are submitted.

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