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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

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Definition 1.

A sales charge which an investor pays often without realizing it, such as an insurance policy sales charge or a mutual fund 12b-1 fee.
 

Definition 2.

A sales charge that is not explicitly disclosed or is buried in the fine print of a mutual fund prospectus or life insurance policy and therefore is not immediately apparent.
 
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