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Investing Glossary:
Sales charge
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| 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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