Definition

Management Expense Ratio (MER)

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The management expense ratio (MER), also referred as expense ratio, is defined as the fee that is required to be paid by a mutual fund or ETF (exchange-traded fund) shareholders. The management fund ratio (MER) goes toward the entire expenses that are used to operate such funds.

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Loan Application Fee

It is defined as the fee that may be charged to a potential debtor for getting a loan. For all category of loans, the loan application fee is necessary and is m......
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