| 单词 | NO LOAD FUND |
| 释义 | Mutual fund or unit trust with no fees or charges or sales commission, known as the load. When an investor buys shares as units, or the fund sells, it is directly to the actual investor without involving a broker or dealer. Net asset value (NAV), market price, and offer prices are all identical because there is no load. Some no-load funds do have an annual advertising and marketing fee. the designation ‘NL.’ denotes a listing of a no-load fund’s share or unit price in newspapers. |
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法律词典收录了41026条英汉双解法律词条，基本涵盖了常用法律英语单词及短语词组的翻译及用法，是法律学习的有利工具。