Definition of "no-load" []

• Business Sold directly to customers at net asset value without a sales commission: a no-load mutual fund. (adjective)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Even "no-load" fund companies use them, to pay discount brokerage firms to carry their products in fund supermarkets."
• "A buy-and-hold investor in a no-load broad-market index fund can minimize these costs, paying as little as 12 cents per hundred dollars per year for management and nothing for trading, research, or capital gains taxes."
• "The $180 product has a no-load speed of up to 2,200 rpm and the same number of impacts per minute."