TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

EARLY WITHDRAWAL FEE [1 record]

Record 1 2008-07-08

English

Subject field(s)
  • Investment
  • Banking
DEF

A fee charged when an investment such as a mutual fund is withdrawn prematurely.

CONT

There is an early-withdrawal fee of 2% of the value of your holdings should you withdraw from the fund within 90 days of investing.

Key term(s)
  • early withdrawal fee
  • early withdrawal penalty fee

French

Domaine(s)
  • Investissements et placements
  • Banque
DEF

Frais facturés lors du retrait prématuré d'un investissement comme un fonds commun de placement.

CONT

Frais de retrait anticipé [:] Les investisseurs qui font de nombreuses opérations à court terme sur les parts des fonds causent des frais importants pour ces fonds. Pour compenser ces frais et pour éviter qu'ils soient à la charge des investisseurs à long terme, tous les fonds Altamira, sauf le fonds du marché monétaire et les fonds de revenu, prélèvent des frais de retrait anticipé de 2 % du produit du rachat de parts (ou de l'échange de parts contre des parts d'autres fonds) détenues depuis moins de 30 jours.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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