Contingent Deferred Sales Load (CDSL)

{
  "id": "MLC-T-FIN-000091",
  "term": "Contingent Deferred Sales Load (CDSL)",
  "field": "Finance and investing",
  "definition": "Also referred to as a Contingent Deferred Sales Charge (CDSC), this is the most common type of back-end sales load - a fee investors pay when they sell mutual fund shares back to the fund. The amount of this type of fee depends on the length of time the investor holds his or her shares. It may gradually decline to zero if the investor holds his or her shares long enough.",
  "references": [
    "SEC Investor.gov Glossary"
  ],
  "url": "https://mlchart.com/terminology/finance/contingent-deferred-sales-load-cdsl/"
}