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Contingent Deferred Sales Charge - CDSC
What does it mean?
In the context of mutual funds, it is a back-end load charged only when a special circumstance occurs.
In Other Words...
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.
Related Links
All About CDSC - Information on the various charges and how they come about.
Mutual Fund Fees - An article by the Securities and Exchange Commission on fees and loads involved with mutual funds.
Related Terms
Back End Load | Mutual Fund
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