LOAD FUND
A mutual fund that charges a sales commission (load) in order to cover administrative and advisory charges. The fund investor pays the load that compensates brokers, financial planners, or investment advisors, among others. The load is payable either at the time of its purchase (front-end load), the investor still holds the fund (level-load), or the shares are sold (back-end load). A no-load fund neither charges any fee nor offers any investment or financial advice.
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Front-End Ratio
A ratio that indicates what portion of an individual's income is used to make mortgage payments. It is calculated as an individual's monthl ...
Segregated Fund
Segregated Fund is a kind of pool investment. There is high similarities between a segregated fund and a mutual fund however there are discrepancie ...
Mortgage Suitability
Standard where mortgage lenders can follow when steering consumers to a mortgage loan. Lenders would be liable for directing consumers toward a not ...
Expunge
Action destroying any AUTEX indication record. Removing an indication will permanently delete a trail of an investor’s advertisement for a bl ...
Canada Education Savings Grant - CESG
An approval from the Canadian Government paid straight into a beneficiary's Registered Education Savings Plan (RESP). It provides 20% to the fi ...
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