Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • adj. Business Sold directly to customers at net asset value without a sales commission: a no-load mutual fund.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • adj. Sold directly to a customer without a sales commission.
  • adj. Not supplying power; open-circuited.

Etymologies

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