Load
The fee assessed for the purchase or redemption of shares in a mutual fund.
Glossary
Loan Stock
A stock which carries a fixed interest rate.
Logarithmic Chart
A chart where price scale is skewed so that a specific distance represents a fixed change in price. Commonly used to express exponential changes in the magnitude of numbers (prices).
Long Position
Describes an active position in a security where the investor’s sentiment is that the price will go up, resulting in profit.
Long-Term Bond
A bond that reaches maturity in excess of ten years.
Low
The lowest closing price for a security over a specific period of time.
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