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8 Cards in this Set
- Front
- Back
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Load
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sales charge applied against an investment
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Front End Load
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sales charge levied against incoming deposits or investments
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Back End Load
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sales charge that levies sales charge against funds that are being withdrawn from the fund
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No-Load
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A mutual fund with no sales charge(money invested is deposited directly to the fund)
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Dollar Cost Averaging
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systematic urchase of mutual fund shares regardless of the share price (no trying to "time" the market"
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Net Asset Value (NAV)
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price-per-share of the mutual fund
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Open-End
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a mutual fund that continually sells new shares to the public
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Closed-End
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a mutual fund that has a fixed number of shares and trades on major exchanges like stock
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