A commonly used
abbreviation in the Canadian (and probably others)
mutual fund industry. It stands for
Deferred Sales Charge, a type of
commission charged on mutual fund purchases. When you purchase a DSC fund, you don't pay out an initial commission, but you are penalized for withdrawing earlier than a set time, usually six years. DSC is also called
Back-End Load.
Other types of commission include Front-End Load (FE), which is also called Initial Sales Charge (ISC); and No Load (NL).
adventures in canadian finance: a metanode