A commission that is charged on the premature sale of some funds. Also known as a back-end loan. For example on some loans there is a fee for early payment so that the lender still makes some money on the loan if it is repaid too quickly.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser