Definitions for "Deferred Sales Charge"
A deferred sales charge is collected on shares redeemed within a specific period following their purchase. Deferred sales charges are also known as contingent deferred sales charges (CDSC).
Sales charges that you pay when you sell the shares of a load fund.
A sales fee you pay when you sell units of a mutual fund. It's a percentage applied to the units withdrawal value. The percentage you pay is usually based on a 6-7 year sliding scale that starts out high (about 6%) in year one and declines to zero in the 6th or 7th year.