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Discount (charge) on redemption of a share

Category — ETF & Funds
a decrease in investment fund’s/ETF’s share fair price (more often as a percentage of estimated fair price) in the moment of its redemption by a shareholder. By nature, it is a commission of a fund (a fund’s provider itself or its agents) for cashing out depending mostly on a number of days of holding the shares.
Terms from the same category
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