- load
- A sales charge paid by an investor in some mutual fund shares or annuities. The sales charge may be a front-end charge, a back-end charge, or a 12b-1 charge. Also, an expression used to describe a mutual fund that imposes sales charges on investors. The opposite of a no load mutual fund.See 12b-1 fee, back-end load and front-end load. American Banker Glossary————The sales fee charged to an investor when shares are purchased in a load fund or annuity. See: Back-end load; front-end load; level load. Bloomberg Financial Dictionary
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▪ I. load load 1 [ləʊd ǁ loʊd] noun [countable]1. TRANSPORT an amount of goods or people transported on a road vehicle, train, or plane:• Rail cars are used to move the bigger loads.
load of• The lorry returned with a load of Spanish apricots.
• The plane was carrying a full load of passengers.
2. the amount of something that a person or organization has to do:• The firm's computers are struggling to cope with the increased load.
• The network has to deal with a heavy load of telephone traffic.
ˈcase load LAWthe number of cases that a lawyer or court has to deal with:• The court's case load has become lighter in recent months.
ˈdebt load ECONOMICSthe amount of debt that a business or country has; = DEBT BURDEN:• Even after restructuring, the firm is still carrying a high debt load.
ˈwork load also workloadthe amount of work that a person or organization has to do:• Their work load has increased in the last couple of years.
• Because of the 5% load, only $950 of the $1,000 actually gets invested in your name.
• The new fund carries a front-end load (= an amount paid when the fund is first started ) of 5.5%
• a no-load fund
[m0] ▪ II. load load 2 verb [transitive]1. TRANSPORT to put goods into a road vehicle, train, boat, or plane to be transported:• The tankers set off as soon as they have been loaded.
2. COMPUTING to copy a computer program or file onto a computer:load something onto something• The new software can be loaded easily onto most machines.
3. FINANCE to include most or all of the charges at a particular period during the time that an insurance policy or investment fund is in use:• A lot of personal pension funds are front-end loaded (= make most of their charges when the fund is first started ) .
to buy a lot of something:• More big investors are loading up on small stocks.
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A premium charged by some investment funds at either purchase or sale, to cover the fund's expenses.* * *
Ⅰ.load UK US /ləʊd/ noun [C]► TRANSPORT an amount of goods or people transported by road, railway, or air: »The total maximum load is four hundred kilograms.
heavy/large/full load »Heavy passenger loads put stress on the nation's aviation system.
»carry/deliver/transport a load
a load of sth »The tanker was commissioned to pick up a load of hazardous materials.
► WORKPLACE the amount of work to be done by a person, an organization, or a machine: lighten/reduce a load »Workers have asked whether the bank intends to lighten their load by hiring more staff.
share/spread the load »British manufacturing is looking to other sectors to help share the load of investing in infrastructure.
»heavy/light/increased load
► FINANCE a charge that you pay when you buy or sell shares in an investment company► ECONOMICS, FINANCE an amount of money, usually a large amount, that a person, company, or country has to pay: debt/tax load »A ruling by the European Union lightened the tax load on investors buying gold.
→ See also BACK-END LOAD(Cf. ↑back-end load), CASELOAD(Cf. ↑caseload), DEADWEIGHT(Cf. ↑deadweight), FRONT-END LOAD(Cf. ↑front-end load), FULL CONTAINER LOAD(Cf. ↑Full Container Load), LESS-THAN-CONTAINER LOAD(Cf. ↑less-than-container load), LOAD FACTOR(Cf. ↑load factor), PAYLOAD(Cf. ↑payload), SALES LOAD(Cf. ↑sales load), WORKLOAD(Cf. ↑workload)Ⅱ.load UK US /ləʊd/ verb► [I or T] TRANSPORT to put goods onto a vehicle to transport them: »A surge in trade has seen up to 90 vessels a week at the port waiting to load their cargoes.
»Trucks were loading and unloading at the warehouse.
load sth with sth »The tanker was loaded with four million gallons of diesel oil.
► [I or T] IT to put a program or data onto a computer or website: load software/a file/a program »The software is very easy to load.
»The updates don't take long to load.
► [T] FINANCE to include charges in an investment, loan, etc.: load sth with sth »The card is designed to attract customers with poor credit and comes loaded with lots of fees and a very low credit limit.
Financial and business terms. 2012.
