no-load

no-load

A technician checks the no-load operation of an electric motor.

Definition

  1. Noun:

    • A type of investment fund: "no-load" refers to a mutual fund or investment vehicle that does not charge a sales commission (load) when shares are bought or sold. Investors can purchase shares directly from the fund company without paying a fee to a broker or salesperson.
    • A state of operation without load: In technical or engineering contexts (as noted in the reference), "no-load" describes a condition where a machine, engine, or electrical device operates without any external load or resistance, such as a motor running freely without driving a mechanism.

  2. Adjective:

    • Without a sales charge: Describing an investment fund that does not impose a transaction fee or commission for buying or selling shares.
    • Without a physical or mechanical load: Describing a device or system operating under conditions of zero load.
Usage Examples

  • Noun:

    • I invested in a no-load to avoid paying high commissions. (A mutual fund without sales fees.)
    • The engineer measured the motor's performance under no-load conditions. (The motor running without any attached machinery.)

  • Adjective:

    • She prefers no-load funds because they are more cost-effective for small investors. (Funds without sales charges.)
    • The generator was tested in a no-load state to check its baseline efficiency. (Operating without an electrical load.)
Advanced Usage

  • "No-load fund": A specific type of mutual fund that does not charge a front-end or back-end load.

    • A no-load fund allows you to invest your entire principal amount without deductions. (You keep all your money working from the start.)

  • "No-load operation": In engineering, a condition where a machine runs without performing useful work.

    • Running the pump in no-load operation helps identify mechanical faults. (Testing the pump without fluid flow.)
Variants and Related Words

  • Load (n): The sales commission or fee charged on a mutual fund transaction.

    • The load on this fund is 5%, so you pay a fee when buying shares. (The commission percentage.)

  • Loaded (adj): Describing a fund that charges a sales fee.

    • Loaded funds are often sold through financial advisors. (Funds with commissions.)
Synonyms
  • Commission-free fund: An investment fund without transaction fees.
  • Unloaded operation: A technical term for a machine running without a load.
Antonyms
  • Load fund: A mutual fund that charges a sales commission.
  • Loaded operation: A machine operating under a load.
Related Idioms
  • No-load, no-frills: Describing a simple, cost-effective investment option without extra features or fees.
    • This no-load, no-frills index fund is perfect for beginners. (A basic, low-cost fund.)
Phrasal Verbs