Definition
Low-load fund
A mutual fund that charges a small sales commission, usually around 2% to 3% or less when shares are purchased in the fund.
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Low-load fund
A mutual fund that charges a sales commission of 3.5% or less for the purchase of shares.
Low price
The day's lowest price of a security that has changed hands between a buyer and a seller.
There are no-load funds, low-load funds and load-funds. A load is another term for a fee. A load can be charged at the beginning of an investment or when you withdraw your money.
Load funds: Mutual funds that charge a sales commission, as opposed to no-load funds, which do not levy a fee when you buy or sell. Some fund groups that sell directly to the public offer low-load funds, ...
 See also: Around, Load, Fund, Share, Mutual Fund
  
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