Definition, Meaning & Synonyms
no-load
adjective
/ˈnoʊ-loʊd/
Definition
A term used to describe a type of mutual fund or insurance policy that does not charge a sales load, or commission, when shares are bought or sold.
Examples
- Many investors prefer no-load mutual funds to save on fees.
- The no-load policy means you can invest without worrying about upfront costs.
Meaning
No-load refers to the absence of a sales charge in investment products, allowing investors to purchase shares without paying a fee to brokers or financial advisors.
Synonyms
- fee-free
- commission-free
- no-fee
