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What does no-load mean?

Looking for the meaning or definition of the word no-load? Here's what it means.

Adjective
  1. (US, especially of a financial instrument) Sold directly to a customer without a sales commission.
  2. (electricity) Not supplying power; open-circuited.
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Examples
In sharp contrast to our bear market portfolio is one now being offered by a well known no-load mutual fund company in its recent brochure.
A limited number of such vehicles as no-load stock index funds and inflation-indexed Treasury bonds should be made available.
Indeed, some investors are willing to pay more for these funds, even though there are plenty of low cost, no-load funds available.
Commissioned brokers may have access to certain no-load mutual funds in a variable annuity wrapper, but there still is a commission on the annuity.
For many asset classes, there are dozens of no-load mutual funds to be investigated for purchase.
Since then I have been a shareholder in hundreds of no-load funds of all types.

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