Definition: A discount based on the amount of money invested in a mutual fund that charges a load, or sales charge. The more money an investor commits to a particular mutual fund, or funds within the same fund family, the larger the discount on the sales charge.
Also Known As: Sales charge discount, volume discount
Examples:An investment up to $49,000 is charged a sales load of 5.75%. An investment of $50,000 to $99,000 in the same fund, or fund family is charged a sales load of 5.00%.