Definitions for "Back End Load"
A charge to investors when they sell shares in a mutual fund. The charge is to discourage withdrawals. In the U.K., the practice is known as an exit charge.
One of three possible sales charge schedules imposed by funds that charge fees. A back end load, or "deferred sales charge," is a fee charged when fund's shares are sold. The amount of the fee usually varies depending on how long the investment is held--generally the longer the time period, the smaller the fee. Funds sold under several sales charge options usually refer to the shares sold with a back end load as class B shares.
A commission charged for redeeming mutual fund shares