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no-load

American  
[noh-lohd] / ˈnoʊˌloʊd /

adjective

  1. (of a mutual fund or its shares) free of any sales charges.


Etymology

Origin of no-load

First recorded in 1950–55

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Just as life is split between the plant kingdom and animal kingdom, the mutual fund world is divided between load and no-load products, depending on whether you pay a sales commission or not.

From US News • Sep. 12, 2016

More ingenious come-ons might entice players to visit no-load mutual funds aiming at young people with no previous exposure to the world of finance.

From The Wall Street Journal • Aug. 5, 2016

Plenty of no-load funds — those without such commissions — are sold today.

From New York Times • May 7, 2016

Turnover at the no-load fund is a mere 8%.

From Forbes • Mar. 26, 2014

As he closed the switch, on no-load, the electrostatic voltmeter flopped over instantly, and steadied at just over 80,000 volts.

From The Ultimate Weapon by McConnell, Gerald

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