Definitions for "Level load"
Keywords:  load, mutual, annual, nav, sake
An annual 12b-1 fee on a mutual fund, if that fee is greater than 0.25% of the fund's assets and if the fund does not charge either a front-end load or a back-end load. If the 12b-1 fee is 0.25% or lower, the mutual fund is a no-load fund rather than a level-load fund. The mutual fund prospectus must disclose whether the fund has a level load and, if so, how much it is.
An annual load that usually is lowered gradually based on the number of years you keep your money in the fund.
An annual sales charge incurred when holding a mutual fund, usually labeled class C shares.
Keywords:  pay, insurance, term
Level pay Level term insurance