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Glossary > E > "Exit charge" Definition

Exit charge

Instead of making an initial charge, some unit trust companies (particularly PEP managers) make a charge if units are cashed in, for example, within five years. In the US this is known as a back end load.

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Exit charge - Instead of making an initial charge, some unit trust companies (particularly PEP managers) make a charge if units are cashed in, for example, within five years. In the US this is known as a back end load.

Exit charge : instead of making an initial charge, some unit trust companies (particularly pep managers) make a charge if units are cashed in, for example, within five years. in the us this is known as a back end load.