Definitions for "Initial Charge"
A one-off charge deducted from your investment money when you first invest in an investment or unit trust.
A charge that is paid by investors in a managed fund as entry fees to cover manager's expenses, such as advertising, administration and commision. It is usually levied at 5% of the investment amount.
A charge that is paid to the fund manager when you invest to cover their expenses, such as commission, advertising, administration and dealing costs.
Keywords:  turns, see
See initial Turns.