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DEFINITIONS - It is common to be unsure or confused about the terms used in the financial industry. We have included several definitions we hope clarify your understanding before you invest. Click on a letter below which is the same as the first letter of the term you wish to define:
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  L  
     
  Load – the sales charge or commission charged on the purchase of some mutual funds or insurance products. The charge can be a front-end load or a back-end load  
     
  Lump Sum Distribution – a distribution that qualifies for forward averaging. The basic requirements are that the distribution be made within one taxable year of the recipient, that it include the entire account balance to the credit of the employee, and that it be made on account of the employee’s death, attainment of age 59 1/2 , separation from service (except for the self-employed), or disability (self-employed persons only)  
     
     
     
     
     
     
     
     
     
     
     
     
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