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Contingent Deferred Sales Charge - CDSC

 

In the context of mutual funds, it is a back-end load charged only when a special circumstance occurs.

 

A good example of a CDSC is a charge applied when you decide to move your money from one mutual fund into another company's fund. This sales charge is "contingent" because it's only applied when the funds are prematurely moved out of the original mutual fund.

 

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