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penalité de sortie

English translation: exit fee/charge, redemption fee/charge, back-end (or 'rear') load

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:penalité de sortie
English translation:exit fee/charge, redemption fee/charge, back-end (or 'rear') load
Entered by: Nikki Scott-Despaigne
Options:
- Contribute to this entry
- Include in personal glossary

22:55 May 20, 2001
French to English translations [PRO]
Bus/Financial
French term or phrase: penalité de sortie
Insurance

Something like "buy-back" penalty.
Justice Olsson
exit fee/charge, redemption fee/charge, back-end (or 'rear') load
Explanation:
Possible terms for "sortie" I found were : "exit", "withdrawal"
(Lexique : Risque, Assurance, Réassurance, SPE L' Assurance Française)


1 - http://www.tdwaterhouse.ca/mutual/mfcs.html

Mutual Fund Commission Schedule

We are pleased to announce that effective May 20th, 2000 we introduced an exciting innovation for mutual fund investors - an innovation that we call FundSmart OneStop. This program offers exceptional cost savings that will make your mutual fund investment decisions easier than ever!
You currently have access to over 2000 eligible mutual funds, from the leading mutual fund companies in Canada, available to you without fees to BUY, SELL or SWITCH.*

Short-Term Redemption Fee Policy :
This policy applies to all mutual funds offered by TD Waterhouse, with the exception of all Money Market funds and those purchased on a DSC or rear load basis. Funds held for less than 90 days are subject to a short-term redemption fee of 1% of redemption value or $45 (whichever is greater).

Rear Load Mutual Funds :
No Commissions apply to BUY or SWITCH all DSC/Rear Load funds. Purchasers will receive a rebate of 2.5% of the purchase value. A commission may be charged on the full or partial redemption of these funds by the Mutual Fund company involved according to each individual fund company's policy.

2 - http://www.investorwords.com/e3.htm#exitfee

exit fee :
same as back-end load.

back-end load : (also “rear load”, cf. TDWATERHOUSE above)
A sales charge or commission paid when an individual sells an investment, such as a mutual fund or an annuity. Intended to discourage withdrawals. also called redemption fee or deferred sales charge. see also front-end load

redemption :
The return of an investor's principal in a security, such as a bond, preferred stock or mutual fund shares, at or prior to maturity. see also call, maturity value, open-end management company, drawn securities, right of redemption, prepayment privilege.

redemption fee :
same as back-end load.

And by way opf cross-reference :
(buyback :
The purchase of a long position to offset a short position. Also, a corporation's repurchase of stock or bonds it has issued. Reasons for doing so include putting unused cash to use, raising earnings per share, increasing internal control of the company, and obtaining stock for employee stock option plans or pension plans. Here, also called corporate repurchase. Also, same as repo. see also callable stock. )





Selected response from:

Nikki Scott-Despaigne
Local time: 09:18
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
naexit fee/charge, redemption fee/charge, back-end (or 'rear') load
Nikki Scott-Despaigne
naearly redemption charge/penaltyBuzzy
napenalty of output for repurchaseCarole Reade-Kentros


  

Answers


1 hr
penalty of output for repurchase


Explanation:
pénalité de sortie pour rachat =
penalty of output for repurchase


Penalty of output for repurchase
6% for output before 1 year
5% between 1 and 2 years, 4% between 2 and 3 years
3% between 3 and 4 years, 2% between 4 and 5 years
No penalty after 5 years of placement



    Google search
Carole Reade-Kentros
Local time: 10:18
PRO pts in pair: 90
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1 hr
early redemption charge/penalty


Explanation:
The fee you have to pay if you terminate your policy in advance (you just can't win, can you!!)


    own knowledge of language
Buzzy
Local time: 09:18
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 377
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3 hrs
exit fee/charge, redemption fee/charge, back-end (or 'rear') load


Explanation:
Possible terms for "sortie" I found were : "exit", "withdrawal"
(Lexique : Risque, Assurance, Réassurance, SPE L' Assurance Française)


1 - http://www.tdwaterhouse.ca/mutual/mfcs.html

Mutual Fund Commission Schedule

We are pleased to announce that effective May 20th, 2000 we introduced an exciting innovation for mutual fund investors - an innovation that we call FundSmart OneStop. This program offers exceptional cost savings that will make your mutual fund investment decisions easier than ever!
You currently have access to over 2000 eligible mutual funds, from the leading mutual fund companies in Canada, available to you without fees to BUY, SELL or SWITCH.*

Short-Term Redemption Fee Policy :
This policy applies to all mutual funds offered by TD Waterhouse, with the exception of all Money Market funds and those purchased on a DSC or rear load basis. Funds held for less than 90 days are subject to a short-term redemption fee of 1% of redemption value or $45 (whichever is greater).

Rear Load Mutual Funds :
No Commissions apply to BUY or SWITCH all DSC/Rear Load funds. Purchasers will receive a rebate of 2.5% of the purchase value. A commission may be charged on the full or partial redemption of these funds by the Mutual Fund company involved according to each individual fund company's policy.

2 - http://www.investorwords.com/e3.htm#exitfee

exit fee :
same as back-end load.

back-end load : (also “rear load”, cf. TDWATERHOUSE above)
A sales charge or commission paid when an individual sells an investment, such as a mutual fund or an annuity. Intended to discourage withdrawals. also called redemption fee or deferred sales charge. see also front-end load

redemption :
The return of an investor's principal in a security, such as a bond, preferred stock or mutual fund shares, at or prior to maturity. see also call, maturity value, open-end management company, drawn securities, right of redemption, prepayment privilege.

redemption fee :
same as back-end load.

And by way opf cross-reference :
(buyback :
The purchase of a long position to offset a short position. Also, a corporation's repurchase of stock or bonds it has issued. Reasons for doing so include putting unused cash to use, raising earnings per share, increasing internal control of the company, and obtaining stock for employee stock option plans or pension plans. Here, also called corporate repurchase. Also, same as repo. see also callable stock. )








    webrefs in body of answer
Nikki Scott-Despaigne
Local time: 09:18
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 4431

Peer comments on this answer (and responses from the answerer)
Ritu Bhanot: Correct!
2 days 23 hrs
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