Sales commission, the load, on a mutual fund. It covers administrative and advisory charges. Front-end load: At the time of purchase of shares (units), the sales commission is payable. Backend load: sales commission is payable at the time of redemption or sale of shares. No-load fund: no fee; no advice.
Energy utilities’ demand reduction method. Demand is load. Different geographical areas have their energy generation temporarily switched off.
Moving demand from daily peak hours to off-peak hours. A load management technique.
An investor making periodic contributions to a mutual fund account. It spreads out the load payments as smaller ones. Also known as Spread Load Contractual Plan. An alternative is to pay fees for a mutual fund in one lump sum.
Built in to the insurance cost, this amount covers insurer operating cost, periodic insurer’s losses higher than anticipated, and interest earned from the insurer’s investments. The amount required to only cover losses is known as the pure insurance cost.
Focusing on form, fit, and function, this set of flexible requirements are designed to easily fit new products, processes, and more advanced requirements into what currently exists. It promotes continuous quality improvements as small impacts using a sensitive feedback system.
Revocable trust as an estate planning device, built on property transfer or gift to one or more beneficiaries from its living trustor. It is not a way to stave off creditors from the trust assets. Achieving a speedy transfer of assets and avoiding probate are the major goals of this approach.
A family uses this dwelling as a type of housing.
Income from working that is sufficient to pay the bills, buy enough food, handle emergencies, and stay off welfare.
Legal document effective while its testator lives. This covers death if imminent due to a medical condition or an accident. Medical care and degree of medical intervention and life sustaining support is typically expressed as the testator’s wishes. Contrast with traditional wills.