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InvestHub.com's
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.
 

Definition 2.

A mutual fund that charges a permanent sales charge, usually at some fixed percentage. See: Front-end loads and back-end loads.
 

Definition 3.

Sales charge (load) which does not vary depending on how long the investor held the investment.
 
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