Definition of no-load in English:

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no-load

Pronunciation: /ˈnōˌlōd/

adjective

North American
(Of shares in a mutual fund) sold without a commission being charged at the time of sale.
Example sentences
  • Like many plans, this one sells no-load shares directly to investors who download an application or ask that one be mailed.
  • Commissioned brokers may have access to certain no-load mutual funds in a variable annuity wrapper, but there still is a commission on the annuity.
  • For many asset classes, there are dozens of no-load mutual funds to be investigated for purchase.
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