no-load

adj, noun — 3 senses

no-load

adj
1

US, Especially, Of a financial instrument Sold directly to a customer without a sales commission.

2

Business, Electrical engineering, Electricity, Electromagnetism, Energy, Engineering, Natural sciences, Physical sciences, Physics Not supplying power; open-circuited.

no-load

noun
1

Business, Finance US A financial instrument that is sold directly to a customer without a sales commission.

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.