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Finance Dictionary and Glossary of Investment Terms
Level Load
Definition 1.
An annual load that decreases in proportion to the amount invested the longer the money is kept in a mutual fund.
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Definition 2.
A mutual fund that charges a permanent sales charge, usually at some fixed percentage. See: Front-end loads and back-end loads.
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Definition 3.
Sales charge (load) which does not vary depending on how long the investor held the investment.
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