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).

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