Series 51: Contingent Deferred Sales Charge

Taken from our Series 51 - MSRB Municipal Fund Securities Limited Principal Qualification Exam

Definition of the term Contingent Deferred Sales Charge...

a back-end sales charge for a mutual fund’s B-shares, paid when the shares are sold and that declines toward zero the longer the shares are held.

Since you're reading about Series 51: Contingent Deferred Sales Charge, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 51
Please Enable Javascript
to view this content!